Short Interest in MariMed Inc. (OTCMKTS:MRMD) Expands By 70.7%

MariMed Inc. (OTCMKTS:MRMD) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 138,300 shares, an increase of 70.7% from the January 31st total of 81,000 shares. Based on an average trading volume of 1,090,800 shares, the short-interest ratio is currently 0.1 days.

MariMed Price Performance

Shares of MRMD traded down $0.00 during mid-day trading on Tuesday, reaching $0.11. 432,023 shares of the stock traded hands, compared to its average volume of 386,171. The company has a market cap of $41.96 million, a price-to-earnings ratio of -2.75 and a beta of 2.81. MariMed has a 1 year low of $0.11 and a 1 year high of $0.34. The firm has a fifty day moving average price of $0.12 and a 200 day moving average price of $0.15. The company has a current ratio of 1.55, a quick ratio of 0.73 and a debt-to-equity ratio of 1.01.

About MariMed

MariMed Inc engages in cultivation, production, and dispensing of medicinal and recreational cannabis in the United States and internationally. The company sells flowers and concentrates under the Nature’s Heritage brand; and soft and chewy baked goods and a hot chocolate mix under Bubby’s Baked brand; and drink mix under Vibations brand.