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

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

MariMed Price Performance

MRMD opened at $0.10 on Thursday. The company’s 50-day simple moving average is $0.12 and its two-hundred day simple moving average is $0.14. 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 stock has a market capitalization of $38.91 million, a P/E ratio of -2.55 and a beta of 2.70. MariMed has a 52-week low of $0.09 and a 52-week high of $0.34.

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

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.