MariMed Inc. (OTCMKTS:MRMD) Short Interest Down 63.1% in March

MariMed Inc. (OTCMKTS:MRMD) was the recipient of a significant drop in short interest in 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. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 723,400 shares, the days-to-cover ratio is presently 0.1 days.

MariMed Trading Down 0.3 %

MariMed stock opened at $0.10 on Thursday. The firm has a 50 day moving average of $0.12 and a 200 day moving average of $0.14. The firm has a market capitalization of $38.91 million, a price-to-earnings ratio of -2.55 and a beta of 2.70. MariMed has a 12-month low of $0.09 and a 12-month high of $0.34. The company has a current ratio of 1.55, a quick ratio of 0.73 and a debt-to-equity ratio of 1.01.

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

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.