Short Interest in Green Thumb Industries Inc. (OTCMKTS:GTBIF) Decreases By 61.1%

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 161,250 shares, a decline of 61.1% from the April 30th total of 414,958 shares. Based on an average daily trading volume, of 902,221 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Green Thumb Industries Trading Up 0.1%

Shares of OTCMKTS:GTBIF traded up $0.01 during midday trading on Monday, reaching $8.08. 95,300 shares of the company were exchanged, compared to its average volume of 560,427. The stock has a market cap of $1.68 billion, a PE ratio of 15.84 and a beta of 1.25. The business’s fifty day moving average is $7.14 and its two-hundred day moving average is $7.10. Green Thumb Industries has a one year low of $4.80 and a one year high of $10.43.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. Green Thumb Industries had a net margin of 10.14% and a return on equity of 5.79%. The business had revenue of $300.19 million for the quarter, compared to analysts’ expectations of $297.64 million. As a group, sell-side analysts expect that Green Thumb Industries will post 0.1 EPS for the current year.

Analyst Ratings Changes

Separately, Benchmark reissued a “buy” rating on shares of Green Thumb Industries in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

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.