Short Interest in MariMed Inc. (OTCMKTS:MRMD) Declines By 63.1%

MariMed Inc. (OTCMKTS:MRMD) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 57,300 shares, a drop of 63.1% from the February 28th total of 155,100 shares. Based on an average daily volume of 723,400 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

MariMed Trading Down 2.1 %

OTCMKTS:MRMD traded down $0.00 on Friday, hitting $0.10. The stock had a trading volume of 184,179 shares, compared to its average volume of 376,969. The company has a fifty day moving average price of $0.12 and a two-hundred day moving average price of $0.14. MariMed has a 1-year low of $0.09 and a 1-year high of $0.34. 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 cap of $36.93 million, a price-to-earnings ratio of -2.42 and a beta of 2.70.

MariMed (OTCMKTS:MRMD) last released its quarterly earnings data on Wednesday, March 5th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $39.00 million for the quarter, compared to analysts’ expectations of $42.00 million. MariMed had a negative return on equity of 2.75% and a negative net margin of 10.97%.

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.