Short Interest in Green Thumb Industries Inc. (OTCMKTS:GTBIF) Grows By 2,502.4%

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 330,500 shares, an increase of 2,502.4% from the February 28th total of 12,700 shares. Based on an average daily volume of 1,092,100 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Green Thumb Industries Stock Performance

Green Thumb Industries stock opened at $5.88 on Friday. Green Thumb Industries has a fifty-two week low of $5.37 and a fifty-two week high of $16.33. The stock has a market cap of $1.25 billion, a P/E ratio of 24.50 and a beta of 1.30. The firm’s fifty day moving average price is $6.83 and its 200-day moving average price is $8.45.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its earnings results on Wednesday, February 26th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business had revenue of $294.32 million during the quarter, compared to the consensus estimate of $289.66 million. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. Sell-side analysts predict that Green Thumb Industries will post 0.32 earnings per share for the current 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.