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

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

Institutional Investors Weigh In On Greenlane

A hedge fund recently bought a new position in Greenlane stock. Citadel Advisors LLC acquired a new position in shares of Greenlane Holdings, Inc. (NASDAQ:GNLN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,369 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned approximately 1.30% of Greenlane at the end of the most recent reporting period. 13.96% of the stock is owned by institutional investors and hedge funds.

Greenlane Stock Down 8.3 %

Shares of NASDAQ GNLN traded down $0.05 during mid-day trading on Wednesday, hitting $0.50. The company had a trading volume of 148,773 shares, compared to its average volume of 190,838. Greenlane has a 12 month low of $0.49 and a 12 month high of $21.80. The business’s 50-day simple moving average is $1.22 and its 200-day simple moving average is $2.59.

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.