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

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 414,958 shares, an increase of 1,885.0% from the April 15th total of 20,905 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 1,863,768 shares, the short-interest ratio is presently 0.2 days.

Green Thumb Industries Stock Performance

Shares of OTCMKTS:GTBIF traded down $0.10 during midday trading on Wednesday, reaching $7.57. The company had a trading volume of 304,717 shares, compared to its average volume of 581,143. Green Thumb Industries has a 1-year low of $4.80 and a 1-year high of $10.43. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 14.84 and a beta of 1.27. The company has a fifty day simple moving average of $6.90 and a two-hundred day simple moving average of $7.08.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. The firm had revenue of $300.19 million for the quarter, compared to the consensus estimate of $297.64 million. Green Thumb Industries had a return on equity of 5.79% and a net margin of 10.14%. Analysts expect that Green Thumb Industries will post 0.1 EPS for the current year.

Analyst Ratings Changes

Separately, Benchmark restated 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 issued a Hold rating to the company. According to MarketBeat.com, Green Thumb Industries presently has a consensus rating of “Buy”.

About Green Thumb Industries

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.