Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Update

Green Thumb Industries Inc. (OTCMKTS:GTBIF) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 14,900 shares, a decline 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.

Analysts Set New Price Targets

Separately, Roth Capital raised Green Thumb Industries to a “strong-buy” rating in a research note on Sunday, November 10th. Two investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus price target of $16.50.

Green Thumb Industries Stock Down 3.5 %

OTCMKTS:GTBIF traded down $0.25 during trading hours on Monday, reaching $6.95. The company had a trading volume of 392,632 shares, compared to its average volume of 468,701. Green Thumb Industries has a twelve month low of $6.60 and a twelve month high of $16.33. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 28.96 and a beta of 1.31. The business’s 50-day simple moving average is $7.34 and its two-hundred day simple moving average is $8.94.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its quarterly 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). Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. The firm had revenue of $294.32 million for the quarter, compared to analyst estimates of $289.66 million. As a group, 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.