MariMed Inc. (OTCMKTS:MRMD) Short Interest Update

Key Points

• MariMed Inc. experienced a significant increase in short interest of 352.4% during September 2023, rising from 24,600 shares to 111,300 shares.
• The company's stock is currently priced at $0.15, with a market capitalization of $60.35 million and a debt-to-equity ratio of 1.25.
• Wall Street analysts have downgraded MariMed's rating from "strong-buy" to "hold," but the stock still maintains a consensus rating of "Buy" according to MarketBeat data.

MariMed Inc. (OTCMKTS:MRMD - Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 111,300 shares, a growth of 352.4% from the September 15th total of 24,600 shares. Based on an average daily trading volume, of 2,032,100 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 2,032,100 shares, the days-to-cover ratio is presently 0.1 days.

MariMed Trading Down 2.4%

Shares of MariMed stock traded down $0.00 on Friday, hitting $0.15. The stock had a trading volume of 1,529,929 shares, compared to its average volume of 792,114. The company has a quick ratio of 0.36, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. MariMed has a one year low of $0.07 and a one year high of $0.23. The stock's 50-day simple moving average is $0.14 and its two-hundred day simple moving average is $0.11. The stock has a market cap of $60.35 million, a price-to-earnings ratio of -5.10 and a beta of 2.98.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of MariMed from a "strong-buy" rating to a "hold" rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

MariMed Company Profile

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.

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