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

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 43,200 shares, an increase of 144.1% from the September 30th total of 17,700 shares. Based on an average trading volume of 465,500 shares, the days-to-cover ratio is currently 0.1 days.

Green Thumb Industries Stock Up 0.6 %

OTCMKTS:GTBIF opened at $11.00 on Friday. Green Thumb Industries has a 12 month low of $7.57 and a 12 month high of $16.33. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 45.83 and a beta of 1.40. The company’s 50 day moving average is $10.35 and its 200-day moving average is $11.35.

Green Thumb Industries (OTCMKTS:GTBIF) last released its quarterly earnings results on Monday, August 5th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $280.15 million for the quarter, compared to analyst estimates of $277.01 million. Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. Research analysts predict that Green Thumb Industries will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

GTBIF has been the topic of several recent research reports. Ventum Cap Mkts raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Tuesday, August 6th. Craig Hallum raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Monday, September 16th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Green Thumb Industries currently has a consensus rating of “Buy” and an average price target of $16.50.

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.