Short Interest in MariMed Inc. (OTCMKTS:MRMD) Expands By 39.4%

MariMed Inc. (OTCMKTS:MRMD - Get Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 81,000 shares, a growth of 39.4% from the January 15th total of 58,100 shares. Based on an average daily volume of 583,400 shares, the days-to-cover ratio is currently 0.1 days.

MariMed Stock Performance

Shares of MRMD traded down $0.00 during mid-day trading on Thursday, hitting $0.13. The company's stock had a trading volume of 595,449 shares, compared to its average volume of 389,682. MariMed has a one year low of $0.11 and a one year high of $0.34. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.73 and a current ratio of 1.55. The firm has a market capitalization of $50.36 million, a PE ratio of -3.30 and a beta of 2.81. The stock's 50-day moving average is $0.12 and its two-hundred day moving average is $0.15.

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.