Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Down 18.4% in September

by · The Markets Daily

Green Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 17,700 shares, a decrease of 18.4% from the September 15th total of 21,700 shares. Based on an average daily volume of 550,300 shares, the days-to-cover ratio is presently 0.0 days.

Green Thumb Industries Stock Performance

GTBIF stock traded down $0.14 on Tuesday, reaching $10.28. The company’s stock had a trading volume of 96,775 shares, compared to its average volume of 453,951. The business has a fifty day simple moving average of $10.37 and a two-hundred day simple moving average of $11.55. Green Thumb Industries has a 12-month low of $7.57 and a 12-month high of $16.33. The firm has a market cap of $2.19 billion, a PE ratio of 42.83 and a beta of 1.40.

Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. The company had revenue of $280.15 million during the quarter, compared to analyst estimates of $277.01 million. As a group, research analysts anticipate that Green Thumb Industries will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GTBIF has been the subject of a number of analyst reports. Craig Hallum raised Green Thumb Industries to a “strong-buy” rating in a research note on Monday, September 16th. Ventum Cap Mkts raised Green Thumb Industries to a “strong-buy” rating in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $16.50.

Read Our Latest Report on Green Thumb Industries

Green Thumb Industries Company Profile

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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.

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