Greenlane Holdings, Inc. (NASDAQ:GNLN) Sees Significant Decrease in Short Interest

Greenlane Holdings, Inc. (NASDAQ:GNLN) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 34,951 shares, a decrease of 29.4% from the January 15th total of 49,501 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 366,856 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 366,856 shares, the short-interest ratio is currently 0.1 days. Approximately 0.4% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Greenlane in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Greenlane presently has a consensus rating of “Sell”.

Greenlane Stock Down 1.2%

Shares of Greenlane stock traded down $0.01 during trading hours on Friday, hitting $0.87. The company’s stock had a trading volume of 398,990 shares, compared to its average volume of 1,400,549. The business has a fifty day moving average of $1.80 and a 200 day moving average of $2.86. Greenlane has a 1-year low of $0.72 and a 1-year high of $900.00. The company has a market capitalization of $6.93 million, a PE ratio of 0.00 and a beta of 1.23.

Greenlane (NASDAQ:GNLN) last announced its earnings results on Friday, November 14th. The company reported ($6.44) EPS for the quarter. Greenlane had a negative net margin of 532.82% and a negative return on equity of 164.19%. The company had revenue of $0.74 million for the quarter.

Greenlane Company Profile

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.