Short Interest in Medicine Man Technologies, Inc. (OTCMKTS:SHWZ) Declines By 44.4%

Medicine Man Technologies, Inc. (OTCMKTS:SHWZ) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 1,000 shares, a decrease of 44.4% from the March 31st total of 1,800 shares. Based on an average trading volume of 103,200 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Benchmark dropped their target price on 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 Price Performance

Shares of OTCMKTS:SHWZ traded down $0.03 on Friday, reaching $0.63. 42,381 shares of the company traded hands, compared to its average volume of 64,128. The company’s 50 day moving average is $0.94 and its 200-day moving average is $0.79. Medicine Man Technologies has a fifty-two week low of $0.48 and a fifty-two week high of $1.55.

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.