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

Medicine Man Technologies, Inc. (OTCMKTS:SHWZ) saw a large drop in short interest in 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 short-interest ratio is currently 0.0 days.

Medicine Man Technologies Price Performance

SHWZ traded down $0.03 during midday trading on Friday, hitting $0.63. 42,381 shares of the company’s stock traded hands, compared to its average volume of 64,128. The stock’s fifty day simple moving average is $0.94 and its 200-day simple moving average is $0.79. Medicine Man Technologies has a one year low of $0.48 and a one year high of $1.55.

Analyst Upgrades and Downgrades

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

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.