Greenlane Holdings, Inc. (NASDAQ:GNLN) Short Interest Up 41.1% in October

Greenlane Holdings, Inc. (NASDAQ:GNLN) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 67,600 shares, an increase of 41.1% from the October 15th total of 47,900 shares. Currently, 10.3% of the company’s stock are short sold. Based on an average daily volume of 2,500,000 shares, the days-to-cover ratio is presently 0.0 days.

Greenlane Stock Down 6.7 %

Shares of GNLN stock traded down $0.14 during mid-day trading on Friday, hitting $1.95. The company’s stock had a trading volume of 181,565 shares, compared to its average volume of 760,730. Greenlane has a 52-week low of $1.82 and a 52-week high of $21.80. The business has a 50-day moving average price of $4.02 and a 200 day moving average price of $4.82.

Greenlane (NASDAQ:GNLN) last issued its earnings results on Wednesday, August 14th. The company reported ($1.33) earnings per share for the quarter. The business had revenue of $2.65 million during the quarter. Greenlane had a negative return on equity of 202.12% and a negative net margin of 66.59%.

Greenlane Company Profile

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.