Greenlane Holdings, Inc. (NASDAQ:GNLN) Short Interest Up 2,353.7% in July

Greenlane Holdings, Inc. (NASDAQ:GNLN) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 132,500 shares, an increase of 2,353.7% from the June 30th total of 5,400 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average daily trading volume, of 334,900 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Greenlane

A hedge fund recently bought a new stake in Greenlane stock. Twin Focus Capital Partners LLC acquired a new stake in Greenlane Holdings, Inc. (NASDAQ:GNLN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 71,250 shares of the company’s stock, valued at approximately $37,000. Twin Focus Capital Partners LLC owned about 1.91% of Greenlane at the end of the most recent reporting period. 13.96% of the stock is currently owned by hedge funds and other institutional investors.

Greenlane Stock Down 1.8 %

NASDAQ GNLN traded down $0.01 during trading on Thursday, reaching $0.27. 29,515 shares of the stock traded hands, compared to its average volume of 302,489. Greenlane has a fifty-two week low of $0.24 and a fifty-two week high of $1.03. The stock’s 50-day moving average price is $0.42 and its 200 day moving average price is $0.48.

About Greenlane

Greenlane Holdings, Inc develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise.