Greenlane Holdings, Inc. (NASDAQ:GNLN) Short Interest Up 557.0% in April

Greenlane Holdings, Inc. (NASDAQ:GNLN) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 70,300 shares, a growth of 557.0% from the March 31st total of 10,700 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 333,000 shares, the days-to-cover ratio is presently 0.2 days.

Greenlane Trading Up 21.5 %

GNLN stock traded up $0.11 during trading on Friday, reaching $0.64. The stock had a trading volume of 1,012,560 shares, compared to its average volume of 875,122. Greenlane has a one year low of $0.37 and a one year high of $3.65. The company’s 50 day moving average is $0.52 and its two-hundred day moving average is $0.52.

Institutional Investors Weigh In On Greenlane

An institutional investor recently raised its position in Greenlane stock. Armistice Capital LLC boosted its position in Greenlane Holdings, Inc. (NASDAQ:GNLN) by 815.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 329,000 shares of the company’s stock after purchasing an additional 293,048 shares during the period. Armistice Capital LLC owned about 12.37% of Greenlane worth $234,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 13.96% of the company’s stock.

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.