MariMed Inc. (OTCMKTS:MRMD – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,000 shares, a drop of 97.8% from the September 15th total of 44,669 shares. Based on an average daily trading volume, of 1,661,239 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.
MariMed Trading Down 0.3%
MRMD traded down $0.00 during trading on Friday, reaching $0.06. 192,523 shares of the stock traded hands, compared to its average volume of 715,688. The company has a quick ratio of 0.34, a current ratio of 0.92 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $25.55 million, a PE ratio of -1.58 and a beta of 1.39. The stock’s 50-day moving average is $0.07 and its 200 day moving average is $0.07. MariMed has a 12 month low of $0.06 and a 12 month high of $0.18.
MariMed (OTCMKTS:MRMD – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). MariMed had a negative return on equity of 10.71% and a negative net margin of 9.13%. The firm had revenue of $41.92 million during the quarter, compared to the consensus estimate of $39.80 million.
About MariMed
MariMed, Inc is a U.S.-based cannabis company that develops, operates, and manages state-licensed cannabis businesses. Its activities include cannabis cultivation, product manufacturing, wholesale distribution, and retail dispensary operations.
The company offers cannabis products such as flower, pre-rolls, concentrates, edibles, tinctures, and topical products. Its portfolio has included brands such as Betty’s Eddies, Nature’s Heritage, InHouse, and Kalm Fusion, which are distributed through MariMed-operated dispensaries and other licensed retail channels.
MariMed serves regulated cannabis markets in multiple states, including Massachusetts, Maryland, Delaware, and Ohio.
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