Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Down 61.1% in May

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 161,250 shares, a drop of 61.1% from the April 30th total of 414,958 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 902,221 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Benchmark reissued a “buy” rating on shares of Green Thumb Industries in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Green Thumb Industries Stock Performance

Shares of GTBIF opened at $8.07 on Friday. The stock has a 50-day moving average of $7.14 and a two-hundred day moving average of $7.11. Green Thumb Industries has a one year low of $4.80 and a one year high of $10.43. The stock has a market cap of $1.68 billion, a P/E ratio of 15.82 and a beta of 1.27.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. Green Thumb Industries had a return on equity of 5.79% and a net margin of 10.14%.The company had revenue of $300.19 million during the quarter, compared to analysts’ expectations of $297.64 million. Analysts predict that Green Thumb Industries will post 0.1 EPS for the current fiscal year.

Green Thumb Industries Company Profile

Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer with operations spanning cultivation, manufacturing and distribution. The company develops branded cannabis products across multiple formats, including dried flower, pre-rolls, oils, concentrates, edibles and vaporizers. Its product portfolio is marketed under well-known brand names tailored to the adult-use market, and the company works with licensed cultivators and partners to ensure consistent quality and compliance with state regulations.

In addition to its branded product lines, Green Thumb Industries maintains a network of wholly owned manufacturing facilities and distribution centers that supply its retail outlets as well as independent dispensaries.