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

Medicine Man Technologies, Inc. (OTCMKTS:SHWZ) was the target of a large decrease in short interest in the month of 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 currently 0.0 days.

Medicine Man Technologies Stock Down 4.2 %

SHWZ traded down $0.03 during trading hours on Friday, reaching $0.63. The company’s stock had a trading volume of 42,381 shares, compared to its average volume of 64,128. Medicine Man Technologies has a 52 week low of $0.48 and a 52 week high of $1.55. The company’s 50-day moving average is $0.94 and its 200-day moving average is $0.79.

Analyst Upgrades and Downgrades

Separately, Benchmark dropped their price target on Medicine Man Technologies from $3.00 to $2.50 and set a “buy” rating on the stock 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.