Short Interest in Green Thumb Industries Inc. (OTCMKTS:GTBIF) Rises By 77.4%

Green Thumb Industries Inc. (OTCMKTS:GTBIF) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 20,400 shares, an increase of 77.4% from the November 15th total of 11,500 shares. Based on an average daily trading volume, of 911,500 shares, the days-to-cover ratio is currently 0.0 days.

Green Thumb Industries Stock Up 3.1 %

GTBIF traded up $0.24 during trading on Friday, reaching $8.08. The company’s stock had a trading volume of 426,935 shares, compared to its average volume of 466,085. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 29.93 and a beta of 1.31. The firm has a fifty day simple moving average of $9.64 and a two-hundred day simple moving average of $10.56. Green Thumb Industries has a 1 year low of $7.50 and a 1 year high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF) last announced 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). The company had revenue of $286.87 million for the quarter, compared to analysts’ expectations of $283.96 million. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. As a group, equities analysts forecast that Green Thumb Industries will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

GTBIF has been the subject of a number of analyst reports. Craig Hallum upgraded shares of Green Thumb Industries to a “strong-buy” rating in a research report on Monday, September 16th. Roth Capital raised Green Thumb Industries to a “strong-buy” rating in a report on Sunday, November 10th. Two investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy” and an average target price of $16.50.

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.