Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Update

Green Thumb Industries Inc. (OTCMKTS:GTBIF) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 88,149 shares, a decline of 45.3% from the May 14th total of 161,250 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 727,508 shares, the short-interest ratio is presently 0.1 days.

Green Thumb Industries Stock Down 3.4%

Shares of Green Thumb Industries stock traded down $0.28 during trading on Friday, hitting $7.95. The stock had a trading volume of 478,882 shares, compared to its average volume of 483,512. The stock has a 50 day simple moving average of $7.53 and a 200 day simple moving average of $7.25. The company has a market capitalization of $1.65 billion, a PE ratio of 15.59 and a beta of 1.25. Green Thumb Industries has a 1 year low of $4.80 and a 1 year high of $10.43.

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

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a “buy” rating on shares of Green Thumb Industries in a research note 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 assigned a Hold rating to the company. 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.