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

Green Thumb Industries Inc. (OTCMKTS:GTBIF) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 88,149 shares, a decline of 45.3% from the May 14th total of 161,250 shares. Based on an average daily trading volume, of 727,508 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Green Thumb Industries Price Performance

Shares of GTBIF traded down $0.28 during mid-day trading on Friday, hitting $7.95. The company’s stock had a trading volume of 478,882 shares, compared to its average volume of 483,512. The firm has a 50-day moving average price of $7.53 and a 200 day moving average price of $7.25. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 15.59 and a beta of 1.25. Green Thumb Industries has a fifty-two week low of $4.80 and a fifty-two week high of $10.43.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. The company had revenue of $300.19 million for the quarter, compared to analysts’ expectations of $297.64 million. Green Thumb Industries had a net margin of 10.14% and a return on equity of 5.79%. As a group, equities analysts anticipate that Green Thumb Industries will post 0.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating on shares of Green Thumb Industries in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Green Thumb Industries currently has an average rating of “Buy”.

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.