Short Interest in MariMed Inc. (OTCMKTS:MRMD) Expands By 52.8%

MariMed Inc. (OTCMKTS:MRMD) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 24,600 shares, an increase of 52.8% from the August 31st total of 16,100 shares. Based on an average trading volume of 5,181,900 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 5,181,900 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded MariMed from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has an average rating of “Strong Buy”.

MariMed Trading Up 6.5%

OTCMKTS MRMD opened at $0.17 on Tuesday. The stock has a market cap of $64.78 million, a P/E ratio of -5.50 and a beta of 2.98. The company’s fifty day simple moving average is $0.13 and its 200-day simple moving average is $0.10. The company has a current ratio of 1.12, a quick ratio of 0.36 and a debt-to-equity ratio of 1.25. MariMed has a 52 week low of $0.07 and a 52 week high of $0.23.

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.