Short Interest in Green Thumb Industries Inc. (OTCMKTS:GTBIF) Declines By 45.3%
by Sarita Garza · The Markets DailyGreen Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 88,149 shares, a drop of 45.3% from the May 14th total of 161,250 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 727,508 shares, the short-interest ratio is presently 0.1 days.
Green Thumb Industries Stock Down 0.8%
Shares of GTBIF traded down $0.06 during trading hours on Monday, hitting $7.89. 387,268 shares of the company were exchanged, compared to its average volume of 471,472. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 15.47 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. The firm’s fifty day moving average is $7.55 and its 200 day moving average is $7.27.
Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) last released its earnings results 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 analyst estimates of $297.64 million. Green Thumb Industries had a return on equity of 5.79% and a net margin of 10.14%. Analysts anticipate that Green Thumb Industries will post 0.1 EPS for the current year.
Analyst Ratings Changes
Separately, Benchmark reiterated a “buy” rating on shares of Green Thumb Industries in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.
Read Our Latest Analysis on GTBIF
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.