Green Thumb Industries Inc. (OTCMKTS:GTBIF) Sees Large Increase in Short Interest

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 30,900 shares, an increase of 141.4% from the December 31st total of 12,800 shares. Based on an average daily trading volume, of 1,027,900 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Roth Capital raised shares of Green Thumb Industries to a “strong-buy” rating in a report on Sunday, November 10th. Two research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Green Thumb Industries currently has a consensus rating of “Strong Buy” and a consensus target price of $16.50.

Green Thumb Industries Stock Performance

GTBIF traded up $0.06 during trading on Thursday, hitting $6.98. 415,558 shares of the stock were exchanged, compared to its average volume of 427,241. Green Thumb Industries has a 1 year low of $6.89 and a 1 year high of $16.33. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 29.08 and a beta of 1.34. The firm has a 50 day simple moving average of $7.97 and a 200 day simple moving average of $9.55.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. The business had revenue of $286.87 million during the quarter, compared to the consensus estimate of $283.96 million. As a group, equities analysts anticipate that Green Thumb Industries will post 0.32 earnings per share for the current fiscal year.

About Green Thumb Industries

Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.