MariMed Inc. (OTCMKTS:MRMD) Short Interest Update

MariMed Inc. (OTCMKTS:MRMD) was the target of a large increase in short interest in June. As of June 30th, there was short interest totalling 6,000 shares, an increase of 400.0% from the June 15th total of 1,200 shares. Based on an average daily volume of 551,800 shares, the days-to-cover ratio is presently 0.0 days.

MariMed Stock Performance

Shares of OTCMKTS MRMD traded down $0.01 during trading on Thursday, reaching $0.16. 1,407,905 shares of the company traded hands, compared to its average volume of 452,424. The firm has a 50 day simple moving average of $0.22 and a 200-day simple moving average of $0.26. The company has a quick ratio of 0.73, a current ratio of 1.55 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $61.51 million, a PE ratio of -4.05 and a beta of 2.80. MariMed has a 52-week low of $0.16 and a 52-week high of $0.55.

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.