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

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 330,500 shares, a growth 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 currently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Green Thumb Industries Stock Up 6.5 %

Shares of GTBIF stock opened at $5.88 on Friday. The firm has a market cap of $1.25 billion, a P/E ratio of 24.50 and a beta of 1.30. The business has a 50-day moving average price of $6.83 and a two-hundred day moving average price of $8.45. Green Thumb Industries has a 12-month low of $5.37 and a 12-month high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF) last released 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). 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 during the quarter, compared to the consensus estimate of $289.66 million. As a group, 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.