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

Medicine Man Technologies, Inc. (OTCMKTS:SHWZ) was the target of a large 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 trading volume, of 103,200 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Benchmark lowered their price objective on Medicine Man Technologies from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Thursday, March 28th.

Medicine Man Technologies Price Performance

Shares of SHWZ traded down $0.03 during trading on Friday, reaching $0.63. 40,588 shares of the company traded hands, 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 stock has a 50-day simple moving average of $0.96 and a 200-day simple moving average of $0.79.

About Medicine Man Technologies

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.