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 large drop in short interest during the month of 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 trading volume of 78,500 shares, the days-to-cover ratio is presently 0.0 days.

Medicine Man Technologies Stock Down 2.5 %

Shares of SHWZ stock traded down $0.03 during trading hours on Friday, reaching $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 firm has a 50-day moving average price of $1.08 and a 200 day moving average price of $1.32.

Analysts Set New Price Targets

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

About Medicine Man Technologies

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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.