Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Up 171.5% in August

Posted by Patrick Bannon on Sep 14th, 2024

Green Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 254,100 shares, a growth of 171.5% from the August 15th total of 93,600 shares. Based on an average daily trading volume, of 675,900 shares, the short-interest ratio is currently 0.4 days.

Green Thumb Industries Stock Up 0.4 %

OTCMKTS:GTBIF traded up $0.04 during midday trading on Friday, hitting $10.33. The stock had a trading volume of 125,173 shares, compared to its average volume of 478,803. The stock has a 50-day moving average of $10.80 and a 200 day moving average of $11.95. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 43.06 and a beta of 1.39. Green Thumb Industries has a one year low of $7.57 and a one year high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. The firm had revenue of $280.15 million for the quarter, compared to analyst estimates of $277.01 million. On average, sell-side analysts anticipate that Green Thumb Industries will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Ventum Cap Mkts upgraded Green Thumb Industries to a “strong-buy” rating in a research report on Tuesday, August 6th.

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About Green Thumb Industries

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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.