Medicine Man Technologies, Inc. (OTCMKTS:SHWZ) Sees Significant Drop in Short Interest

Medicine Man Technologies, Inc. (OTCMKTS:SHWZ) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 1,000 shares, a drop of 44.4% from the March 31st total of 1,800 shares. Based on an average daily volume of 103,200 shares, the days-to-cover ratio is currently 0.0 days.

Medicine Man Technologies Price Performance

Shares of OTCMKTS:SHWZ traded down $0.03 during mid-day trading on Friday, reaching $0.63. 42,381 shares of the company’s stock were exchanged, compared to its average volume of 64,128. Medicine Man Technologies has a twelve month low of $0.48 and a twelve month high of $1.55. The business’s fifty day moving average price is $0.94 and its 200-day moving average price is $0.79.

Analyst Upgrades and Downgrades

Separately, Benchmark cut their target price on shares of Medicine Man Technologies from $3.00 to $2.50 and set a “buy” rating on the stock in a research report on Thursday, March 28th.

Medicine Man Technologies Company Profile

Medicine Man Technologies, Inc, doing business as Schwazze, engages in the cultivation, manufacturing, distribution, and retail sale of cannabis and cannabis related products in Colorado and New Mexico. It operates through Retail, Wholesale, and Others segments. The company offers loose flower, concentrates, edibles, pre-rolls, topicals, infused beverages, and other associated cannabis products produced by cannabis vendors; and cannabis and non-cannabis products.