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

Greenlane Holdings, Inc. (NASDAQ:GNLN) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 573,200 shares, an increase of 1,171.0% from the February 13th total of 45,100 shares. Currently, 6.9% of the shares of the stock are sold short. Based on an average trading volume of 168,800 shares, the short-interest ratio is presently 3.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Greenlane stock. Citadel Advisors LLC acquired a new position in Greenlane Holdings, Inc. (NASDAQ:GNLN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,369 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned 1.30% of Greenlane as of its most recent filing with the Securities & Exchange Commission. 13.96% of the stock is currently owned by hedge funds and other institutional investors.

Greenlane Trading Down 4.1 %

Shares of Greenlane stock opened at $0.49 on Friday. The firm has a 50-day simple moving average of $1.17 and a two-hundred day simple moving average of $2.57. Greenlane has a fifty-two week low of $0.48 and a fifty-two week high of $21.80.

About Greenlane

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.