Green Thumb Industries Inc. (OTCMKTS:GTBIF) Shares Shorted: Short Interest Down 97.9% in September

Green Thumb Industries Inc. (OTCMKTS:GTBIF) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 99,211 shares, a decrease of 97.9% from the September 15th total of 4,821,938 shares. Based on an average daily volume of 1,537,548 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Green Thumb Industries Stock Up 0.9%

Shares of GTBIF traded up $0.06 during trading hours on Friday, hitting $6.62. The company had a trading volume of 369,683 shares, compared to its average volume of 664,804. Green Thumb Industries has a 52-week low of $5.29 and a 52-week high of $10.43. The stock’s 50 day moving average price is $7.32 and its 200 day moving average price is $7.33. The firm has a market cap of $1.29 billion, a P/E ratio of 12.26 and a beta of 1.28.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.02 earnings per share (EPS) for the quarter, beating 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 business had revenue of $306.68 million for the quarter, compared to the consensus estimate of $298.99 million. On average, research analysts expect that Green Thumb Industries will post 0.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GTBIF. Seaport Research Partners reiterated a “buy” rating and set a $18.00 price objective on shares of Green Thumb Industries in a report on Thursday, August 6th. Roth Capital set a $18.00 price objective on shares of Green Thumb Industries in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Green Thumb Industries currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Green Thumb Industries Company Profile

Green Thumb Industries Inc is a cannabis consumer packaged goods company and retailer headquartered in Chicago, Illinois. Founded in 2014, the company cultivates, processes, manufactures and distributes cannabis products for adult-use and medical markets in the United States.

Green Thumb’s product portfolio includes flower, pre-rolls, vaporizer products, edibles, concentrates and other cannabis products sold under brands such as RYTHM, &Shine, Good Green, incredibles and Beboe. The company also operates retail cannabis dispensaries under the RISE brand, offering products from its own portfolio and other producers where permitted by state regulations.

The company serves customers in multiple U.S.