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

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 414,958 shares, a growth of 1,885.0% from the April 15th total of 20,905 shares. Based on an average daily trading volume, of 1,863,768 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating on shares of Green Thumb Industries in a report on Thursday. One research 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Green Thumb Industries Stock Performance

GTBIF stock opened at $8.03 on Tuesday. Green Thumb Industries has a fifty-two week low of $4.80 and a fifty-two week high of $10.43. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 15.75 and a beta of 1.27. The business’s 50 day moving average price is $6.88 and its two-hundred day moving average price is $7.07.

Green Thumb Industries (OTCMKTS:GTBIF) last released its earnings results on Wednesday, May 6th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. Green Thumb Industries had a return on equity of 5.79% and a net margin of 10.14%.The company had revenue of $300.19 million during the quarter, compared to analysts’ expectations of $297.64 million. Sell-side analysts forecast that Green Thumb Industries will post 0.09 earnings per share for the current year.

About Green Thumb Industries

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.