Short Interest in Green Thumb Industries Inc. (OTCMKTS:GTBIF) Drops By 36.6%

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 14,900 shares, a decrease of 36.6% from the January 31st total of 23,500 shares. Based on an average daily trading volume, of 1,295,100 shares, the short-interest ratio is currently 0.0 days.

Green Thumb Industries Price Performance

Shares of Green Thumb Industries stock traded up $0.08 during trading on Tuesday, hitting $7.03. 1,226,877 shares of the company were exchanged, compared to its average volume of 487,654. The firm has a market capitalization of $1.49 billion, a P/E ratio of 29.29 and a beta of 1.31. The firm’s fifty day moving average price is $7.33 and its 200 day moving average price is $8.91. Green Thumb Industries has a 1-year low of $6.60 and a 1-year high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its earnings results on Wednesday, February 26th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $294.32 million during the quarter, compared to the consensus estimate of $289.66 million. Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. As a group, equities research analysts anticipate that Green Thumb Industries will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Roth Capital raised Green Thumb Industries to a “strong-buy” rating in a report on Sunday, November 10th. Two investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy” and an average price target of $16.50.

Green Thumb Industries Company Profile

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.