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

Green Thumb Industries Inc. (OTCMKTS:GTBIF) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 330,500 shares, an increase of 2,502.4% from the February 28th total of 12,700 shares. Based on an average trading volume of 1,092,100 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Green Thumb Industries Price Performance

Shares of GTBIF stock traded down $0.10 during midday trading on Thursday, reaching $5.52. 1,601,675 shares of the company traded hands, compared to its average volume of 489,384. The firm’s 50 day simple moving average is $6.85 and its two-hundred day simple moving average is $8.47. Green Thumb Industries has a 1-year low of $5.37 and a 1-year high of $16.33. The firm has a market cap of $1.17 billion, a PE ratio of 23.00 and a beta of 1.30.

Green Thumb Industries (OTCMKTS:GTBIF) last released its earnings results on Wednesday, February 26th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $289.66 million. As a group, research analysts anticipate that Green Thumb Industries will post 0.32 earnings per share for the current fiscal year.

About Green Thumb Industries

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.