Green Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 244,417 shares, a growth of 1,496.8% from the February 12th total of 15,307 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,576,813 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,576,813 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded Green Thumb Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Green Thumb Industries presently has a consensus rating of “Buy”.
Get Our Latest Report on GTBIF
Green Thumb Industries Trading Down 0.6%
Green Thumb Industries Company Profile
Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer with operations spanning cultivation, manufacturing and distribution. The company develops branded cannabis products across multiple formats, including dried flower, pre-rolls, oils, concentrates, edibles and vaporizers. Its product portfolio is marketed under well-known brand names tailored to the adult-use market, and the company works with licensed cultivators and partners to ensure consistent quality and compliance with state regulations.
In addition to its branded product lines, Green Thumb Industries maintains a network of wholly owned manufacturing facilities and distribution centers that supply its retail outlets as well as independent dispensaries.
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