Medicine Man Technologies, Inc. (OTCMKTS:SHWZ) Short Interest Down 69.8% in May

Medicine Man Technologies, Inc. (OTCMKTS:SHWZ – Get Rating) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totalling 1,900 shares, a drop of 69.8% from the April 30th total of 6,300 shares. Based on an average daily volume of 78,500 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a “buy” rating and set a $3.00 price objective on shares of Medicine Man Technologies in a report on Thursday, March 30th.

Medicine Man Technologies Price Performance

Shares of OTCMKTS SHWZ traded down $0.03 during midday trading on Friday, hitting $1.01. 18,519 shares of the company traded hands, compared to its average volume of 43,468. Medicine Man Technologies has a 12-month low of $0.87 and a 12-month high of $2.10. The stock has a 50-day moving average price of $1.08 and a 200 day moving average price of $1.32.

About Medicine Man Technologies

(Get Rating)

Medicine Man Technologies, Inc engages in the cultivation, manufacture, distribution, and retail sale of cannabis and cannabis related products. It operates through the following segments: Retail, Wholesale, and Other. The Retail segment includes retail locations for sale of cannabis products. The Wholesale segment manufactures, cultivates, and sells wholesale cannabis and non-cannabis products.