Greenlane Holdings, Inc. (NASDAQ:GNLN) Short Interest Update

Greenlane Holdings, Inc. (NASDAQ:GNLN) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 121,247 shares, an increase of 53.3% from the November 30th total of 79,098 shares. Based on an average daily volume of 127,423 shares, the short-interest ratio is currently 1.0 days. Currently, 8.1% of the shares of the stock are sold short. Currently, 8.1% of the shares of the stock are sold short. Based on an average daily volume of 127,423 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Greenlane in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Greenlane has a consensus rating of “Sell”.

Greenlane Stock Down 9.0%

Shares of Greenlane stock traded down $0.19 during mid-day trading on Tuesday, hitting $1.88. The stock had a trading volume of 104,657 shares, compared to its average volume of 372,328. The firm has a market cap of $2.81 million, a P/E ratio of -0.01 and a beta of 1.14. The firm has a 50-day moving average of $2.99 and a two-hundred day moving average of $3.65. Greenlane has a 12-month low of $1.79 and a 12-month high of $1,342.50.

Greenlane (NASDAQ:GNLN) last issued its quarterly earnings data on Friday, November 14th. The company reported ($6.44) earnings per share for the quarter. Greenlane had a negative return on equity of 164.19% and a negative net margin of 532.82%.The business had revenue of $0.74 million during the quarter.

About Greenlane

Greenlane Holdings, Inc is a leading global distributor and direct-to-consumer retailer of premium cannabis consumption accessories and lifestyle products. The company’s portfolio spans hardware such as vaporizers, glassware, rolling papers, storage solutions, and concentrate tools, alongside branded and proprietary offerings designed to meet the evolving needs of both consumers and retail partners in the cannabis and hemp sectors.

Through a multi-channel platform, Greenlane serves a diverse customer base that includes smoke shops, dispensaries, specialty retailers and e-commerce operators.