Greenlane Holdings, Inc. (NASDAQ:GNLN) Sees Significant Decrease in Short Interest

Greenlane Holdings, Inc. (NASDAQ:GNLN) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 34,500 shares, a drop of 49.0% from the October 31st total of 67,600 shares. Based on an average daily trading volume, of 1,290,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.6% of the shares of the company are sold short.

Greenlane Price Performance

GNLN remained flat at $1.83 on Thursday. The company had a trading volume of 270,796 shares, compared to its average volume of 739,090. The business has a 50 day moving average of $3.46 and a two-hundred day moving average of $4.53. Greenlane has a 1 year low of $1.70 and a 1 year high of $21.80.

About Greenlane

Greenlane Holdings, Inc develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise.