Greenlane Holdings, Inc. (NASDAQ:GNLN) Short Interest Update

Greenlane Holdings, Inc. (NASDAQ:GNLN) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 34,951 shares, a drop of 29.4% from the January 15th total of 49,501 shares. Based on an average trading volume of 366,856 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 366,856 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Greenlane in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Greenlane Trading Down 1.2%

GNLN stock traded down $0.01 during midday trading on Friday, hitting $0.87. The stock had a trading volume of 398,990 shares, compared to its average volume of 1,381,742. The firm has a market capitalization of $6.93 million, a price-to-earnings ratio of 0.00 and a beta of 1.23. The stock has a 50-day simple moving average of $1.80 and a 200 day simple moving average of $2.87. Greenlane has a 52 week low of $0.72 and a 52 week high of $900.00.

Greenlane (NASDAQ:GNLN) last posted its earnings results on Friday, November 14th. The company reported ($6.44) EPS for the quarter. The company had revenue of $0.74 million for the quarter. Greenlane had a negative return on equity of 164.19% and a negative net margin of 532.82%.

About Greenlane

Greenlane Holdings, Inc is a leading global distributor and direct-to-consumer retailer of premium cannabis consumption accessories and lifestyle products. The company’s portfolio spans hardware such as vaporizers, glassware, rolling papers, storage solutions, and concentrate tools, alongside branded and proprietary offerings designed to meet the evolving needs of both consumers and retail partners in the cannabis and hemp sectors.

Through a multi-channel platform, Greenlane serves a diverse customer base that includes smoke shops, dispensaries, specialty retailers and e-commerce operators.