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

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the target of a large increase in short interest in 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 volume of 1,027,900 shares, the short-interest ratio is currently 0.0 days.

Green Thumb Industries Trading Up 0.9 %

Shares of OTCMKTS GTBIF traded up $0.06 during midday trading on Friday, reaching $6.98. 415,558 shares of the stock were exchanged, compared to its average volume of 427,241. The stock has a 50 day moving average price of $7.97 and a 200-day moving average price of $9.55. The company has a market capitalization of $1.48 billion, a P/E ratio of 29.08 and a beta of 1.34. Green Thumb Industries has a 52-week low of $6.89 and a 52-week high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its quarterly earnings results 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 net margin of 5.38% and a return on equity of 3.39%. The business had revenue of $286.87 million during the quarter, compared to analyst estimates of $283.96 million. On average, analysts forecast that Green Thumb Industries will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Roth Capital raised 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and an average price target 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.