Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Update

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 30,900 shares, an increase of 141.4% from the December 31st total of 12,800 shares. Based on an average daily trading volume, of 1,027,900 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Roth Capital upgraded Green Thumb Industries to a “strong-buy” rating in a report on Sunday, November 10th. Two investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Strong Buy” and an average price target of $16.50.

Green Thumb Industries Price Performance

OTCMKTS GTBIF traded up $0.06 on Thursday, hitting $6.98. 415,558 shares of the company’s stock were exchanged, compared to its average volume of 427,241. The firm’s 50-day moving average price is $7.97 and its two-hundred day moving average price is $9.55. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 29.08 and a beta of 1.34. Green Thumb Industries has a fifty-two week low of $6.89 and a fifty-two week high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. The company had revenue of $286.87 million during the quarter, compared to analyst estimates of $283.96 million. On average, research analysts predict 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.