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

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

MariMed Stock Performance

Shares of MRMD stock traded down $0.00 during trading hours on Tuesday, hitting $0.11. 432,023 shares of the company were exchanged, compared to its average volume of 386,171. The company has a current ratio of 1.55, a quick ratio of 0.73 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $41.96 million, a price-to-earnings ratio of -2.75 and a beta of 2.81. The firm has a fifty day simple moving average of $0.12 and a 200 day simple moving average of $0.15. MariMed has a 52-week low of $0.11 and a 52-week high of $0.34.

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.