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

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

Analyst Ratings Changes

Separately, Roth Capital upgraded Green Thumb Industries to a “strong-buy” rating in a research note on Sunday, November 10th. Two research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Green Thumb Industries presently has a consensus rating of “Strong Buy” and an average target price of $16.50.

Green Thumb Industries Stock Up 0.1 %

GTBIF stock traded up $0.01 during trading on Wednesday, hitting $6.92. 308,709 shares of the company’s stock traded hands, compared to its average volume of 430,528. The stock has a fifty day moving average price of $8.07 and a two-hundred day moving average price of $9.62. Green Thumb Industries has a 52 week low of $6.89 and a 52 week high of $16.33. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 28.83 and a beta of 1.34.

Green Thumb Industries (OTCMKTS:GTBIF) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $283.96 million. As a group, equities research analysts expect that Green Thumb Industries will post 0.32 EPS for the current fiscal 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.