Short Interest in Greenlane Holdings, Inc. (NASDAQ:GNLN) Grows By 2,353.7%

Greenlane Holdings, Inc. (NASDAQ:GNLN) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 132,500 shares, an increase of 2,353.7% from the June 30th total of 5,400 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily volume of 334,900 shares, the days-to-cover ratio is currently 0.4 days.

Greenlane Price Performance

Shares of NASDAQ:GNLN traded down $0.01 during midday trading on Thursday, reaching $0.27. 29,515 shares of the company were exchanged, compared to its average volume of 302,489. The business’s fifty day moving average is $0.42 and its two-hundred day moving average is $0.48. Greenlane has a one year low of $0.24 and a one year high of $1.03.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Greenlane stock. Twin Focus Capital Partners LLC bought a new position in shares of Greenlane Holdings, Inc. (NASDAQ:GNLN) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 71,250 shares of the company’s stock, valued at approximately $37,000. Twin Focus Capital Partners LLC owned approximately 1.91% of Greenlane at the end of the most recent reporting period. Institutional investors own 13.96% of the company’s stock.

Greenlane Company Profile

Greenlane Holdings, Inc develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise.