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

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 volume of 1,295,100 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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

Green Thumb Industries Stock Down 3.5 %

Shares of GTBIF stock traded down $0.25 during trading hours on Monday, hitting $6.95. 392,632 shares of the company’s stock traded hands, compared to its average volume of 468,701. The stock has a market cap of $1.48 billion, a PE ratio of 28.96 and a beta of 1.31. The stock’s 50 day simple moving average is $7.34 and its 200 day simple moving average is $8.94. Green Thumb Industries has a 12 month low of $6.60 and a 12 month high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF) last announced 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 company had revenue of $294.32 million for the quarter, compared to analyst estimates of $289.66 million. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. As a group, equities research analysts expect that Green Thumb Industries will post 0.32 EPS for the current fiscal year.

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.