Short Interest in Green Thumb Industries Inc. (OTCMKTS:GTBIF) Grows By 141.4%

Posted by Anthony Miller on Jan 16th, 2025

Green Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 30,900 shares, an increase of 141.4% from the December 15th total of 12,800 shares. Based on an average daily trading volume, of 1,027,900 shares, the days-to-cover ratio is currently 0.0 days.

Green Thumb Industries Price Performance

Green Thumb Industries stock traded up $0.02 during mid-day trading on Thursday, reaching $7.07. 481,302 shares of the company traded hands, compared to its average volume of 360,884. The firm’s 50 day moving average price is $8.42 and its 200 day moving average price is $9.89. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 29.46 and a beta of 1.34. Green Thumb Industries has a 52-week low of $7.00 and a 52-week high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $286.87 million for 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%. On average, sell-side analysts anticipate that Green Thumb Industries will post 0.32 EPS for the current year.

Analysts Set New Price Targets

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

Get Our Latest Stock Analysis on Green Thumb Industries

About Green Thumb Industries

(Get Free Report)

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.