Green Thumb Industries Inc. (OTCMKTS:GTBIF) Sees Significant Drop in Short Interest

Green Thumb Industries Inc. (OTCMKTS:GTBIF) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 34,000 shares, a decline of 21.3% from the October 15th total of 43,200 shares. Based on an average trading volume of 547,300 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

A number of equities analysts have issued reports on GTBIF shares. Roth Capital upgraded shares of Green Thumb Industries to a “strong-buy” rating in a research report on Sunday, November 10th. Craig Hallum raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Ventum Cap Mkts raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Tuesday, August 6th. Three analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus target price of $16.50.

Green Thumb Industries Stock Up 3.4 %

Shares of OTCMKTS:GTBIF traded up $0.32 during trading on Friday, reaching $9.61. The stock had a trading volume of 286,728 shares, compared to its average volume of 465,057. The business has a fifty day moving average price of $10.23 and a 200-day moving average price of $11.01. The stock has a market cap of $2.03 billion, a P/E ratio of 35.59 and a beta of 1.40. Green Thumb Industries has a fifty-two week low of $7.50 and a fifty-two week high of $16.33.

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

Green Thumb Industries Company Profile

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.