Green Thumb Industries Inc. (OTCMKTS:GTBIF) Sees Large Growth in Short Interest
by Michael Walen · The Markets DailyGreen Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 206,599 shares, an increase of 2,011.8% from the March 15th total of 9,783 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 2,089,216 shares, the days-to-cover ratio is currently 0.1 days.
Green Thumb Industries Trading Down 1.3%
Shares of OTCMKTS GTBIF traded down $0.09 during midday trading on Friday, hitting $6.68. The company’s stock had a trading volume of 134,352 shares, compared to its average volume of 563,058. Green Thumb Industries has a 12-month low of $4.80 and a 12-month high of $10.43. The firm has a market cap of $1.39 billion, a P/E ratio of 13.92 and a beta of 1.12. The business’s 50 day moving average is $6.58 and its two-hundred day moving average is $7.19.
Green Thumb Industries Company Profile
Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer with operations spanning cultivation, manufacturing and distribution. The company develops branded cannabis products across multiple formats, including dried flower, pre-rolls, oils, concentrates, edibles and vaporizers. Its product portfolio is marketed under well-known brand names tailored to the adult-use market, and the company works with licensed cultivators and partners to ensure consistent quality and compliance with state regulations.
In addition to its branded product lines, Green Thumb Industries maintains a network of wholly owned manufacturing facilities and distribution centers that supply its retail outlets as well as independent dispensaries.