Short Interest in Green Thumb Industries Inc. (OTCMKTS:GTBIF) Decreases By 42.5%

Green Thumb Industries Inc. (OTCMKTS:GTBIF) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 99,476 shares, a decrease of 42.5% from the December 15th total of 173,123 shares. Based on an average trading volume of 2,465,048 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 2,465,048 shares, the days-to-cover ratio is presently 0.0 days.

Green Thumb Industries Stock Down 2.2%

Shares of Green Thumb Industries stock traded down $0.18 during midday trading on Friday, hitting $8.09. The company had a trading volume of 225,696 shares, compared to its average volume of 453,900. The company has a fifty day simple moving average of $7.30 and a 200 day simple moving average of $7.37. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 47.59 and a beta of 1.15. Green Thumb Industries has a 12-month low of $4.63 and a 12-month high of $10.43.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Green Thumb Industries had a return on equity of 1.66% and a net margin of 3.77%.The company had revenue of $291.37 million during the quarter, compared to analysts’ expectations of $290.98 million. As a group, analysts expect that Green Thumb Industries will post 0.32 EPS for the current year.

Analyst Ratings Changes

GTBIF has been the subject of several research reports. Canaccord Genuity Group raised Green Thumb Industries to a “strong-buy” rating in a research report on Thursday, October 9th. Zacks Research raised shares of Green Thumb Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Green Thumb Industries presently has an average rating of “Buy”.

About Green Thumb Industries

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.