MariMed Inc. (OTCMKTS:MRMD – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 44,669 shares, a growth of 112.7% from the August 31st total of 20,999 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 769,089 shares, the days-to-cover ratio is presently 0.1 days.
MariMed Stock Performance
OTCMKTS:MRMD traded up $0.00 during trading on Tuesday, reaching $0.08. The company’s stock had a trading volume of 921,255 shares, compared to its average volume of 541,463. The firm has a market cap of $30.99 million, a price-to-earnings ratio of -1.92 and a beta of 1.35. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.34 and a current ratio of 0.92. The firm has a 50 day moving average of $0.07 and a 200-day moving average of $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 released its earnings results on Wednesday, August 12th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $41.92 million for the quarter, compared to analysts’ expectations of $39.80 million. MariMed had a negative return on equity of 10.71% and a negative net margin of 9.13%.
MariMed Company Profile
MariMed, Inc is a U.S. cannabis company that develops, operates and manages regulated cannabis cultivation, processing and retail facilities. The company follows a vertically integrated business model, producing cannabis products and selling them through its own dispensaries and other authorized channels.
MariMed offers a range of cannabis products, including flower, pre-rolls, concentrates, edibles, tinctures and topical products. Its portfolio includes brands such as Betty’s Eddies, Nature’s Heritage, Bubby’s Baked and Kalm Fusion, which are marketed for recreational and medical-use consumers where permitted by state law.
The company serves regulated cannabis markets in several states, including Delaware, Maryland, Massachusetts and Ohio.
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