Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Down 34.6% in August

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 170,063 shares, a decline of 34.6% from the August 15th total of 260,067 shares. Based on an average daily trading volume, of 807,875 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Analyst Ratings Changes

GTBIF has been the topic of a number of research reports. Roth Capital set a $18.00 target price on Green Thumb Industries in a research report on Wednesday, August 5th. Seaport Research Partners reaffirmed a “buy” rating and issued a $18.00 price target on shares of Green Thumb Industries in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $18.00.

Green Thumb Industries Stock Down 0.4%

Shares of OTCMKTS GTBIF traded down $0.03 during midday trading on Friday, reaching $7.32. The company had a trading volume of 24,521 shares, compared to its average volume of 538,771. The stock has a market cap of $1.43 billion, a PE ratio of 13.56 and a beta of 1.27. Green Thumb Industries has a one year low of $5.29 and a one year high of $10.43. The firm’s fifty day moving average price is $7.31 and its 200-day moving average price is $7.27.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its earnings results on Tuesday, August 4th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Green Thumb Industries had a net margin of 10.48% and a return on equity of 6.03%. The company had revenue of $306.68 million during the quarter, compared to analyst estimates of $298.99 million. As a group, equities research analysts expect that Green Thumb Industries will post 0.16 EPS for the current year.

Green Thumb Industries Company Profile

Green Thumb Industries Inc is a consumer-focused cannabis company that cultivates, manufactures and distributes cannabis products in the United States. Its product portfolio includes flower, pre-rolls, vapes, edibles, concentrates and other cannabis products sold under brands such as Good Green, &Shine, incredibles, Beboe and Dogwalkers.

The company also operates a national retail platform under the RISE Dispensaries name. Through its cultivation, manufacturing and retail operations, Green Thumb serves adult-use and medical cannabis markets across multiple states, including Illinois, Pennsylvania, Ohio, New Jersey, Nevada, Massachusetts, Maryland, Florida, Virginia, Connecticut and Minnesota.

Founded in 2014 and headquartered in Chicago, Green Thumb Industries has expanded through the development and acquisition of cultivation facilities, manufacturing operations and dispensary locations.