Greenlane Holdings, Inc. (NASDAQ:GNLN) Sees Significant Decline in Short Interest

Greenlane Holdings, Inc. (NASDAQ:GNLN) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 33,100 shares, a drop of 66.3% from the December 15th total of 98,300 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 1,130,000 shares, the days-to-cover ratio is presently 0.0 days.

Greenlane Stock Performance

GNLN traded up $0.01 during trading on Monday, hitting $1.51. 119,347 shares of the company’s stock were exchanged, compared to its average volume of 136,577. Greenlane has a fifty-two week low of $1.40 and a fifty-two week high of $21.80. The business’s 50 day moving average is $1.77 and its two-hundred day moving average is $3.62.

About Greenlane

Greenlane Holdings, Inc develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise.