Green Thumb Industries Inc. (OTCMKTS:GTBIF) Sees Significant Growth in Short Interest

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 30,900 shares, a growth of 141.4% from the December 31st total of 12,800 shares. Based on an average daily trading volume, of 1,027,900 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

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

Green Thumb Industries Stock Performance

GTBIF traded up $0.06 during trading on Friday, reaching $6.98. The company’s stock had a trading volume of 415,558 shares, compared to its average volume of 427,241. The company’s fifty day moving average price is $7.97 and its 200-day moving average price is $9.55. Green Thumb Industries has a 52-week low of $6.89 and a 52-week high of $16.33. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 29.08 and a beta of 1.34.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. The business had revenue of $286.87 million during the quarter, compared to analysts’ expectations of $283.96 million. Equities analysts predict that Green Thumb Industries will post 0.32 earnings per share for the current year.

About Green Thumb Industries

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.