Green Thumb Industries Inc. (OTCMKTS:GTBIF) Sees Significant Drop in Short Interest

Green Thumb Industries Inc. (OTCMKTS:GTBIF) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 34,000 shares, a drop of 21.3% from the October 15th total of 43,200 shares. Based on an average daily volume of 547,300 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GTBIF shares. Ventum Cap Mkts raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Tuesday, August 6th. Craig Hallum raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Roth Capital raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Sunday, November 10th. Three research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus price target of $16.50.

Green Thumb Industries Trading Up 3.4 %

Shares of OTCMKTS:GTBIF traded up $0.32 during midday trading on Friday, hitting $9.61. The stock had a trading volume of 286,728 shares, compared to its average volume of 465,057. The company has a market capitalization of $2.03 billion, a PE ratio of 35.59 and a beta of 1.40. The stock has a 50 day moving average price of $10.23 and a two-hundred day moving average price of $11.01. Green Thumb Industries has a 1 year low of $7.50 and a 1 year high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its earnings results on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $286.87 million during the quarter, compared to analysts’ expectations of $283.96 million. Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. As a group, equities analysts expect that Green Thumb Industries will post 0.32 EPS for the current year.

About Green Thumb Industries

Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.