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

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 4,821,938 shares, a growth of 2,735.4% from the August 31st total of 170,063 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily volume of 908,782 shares, the days-to-cover ratio is currently 5.3 days.

Green Thumb Industries Stock Down 4.8%

GTBIF traded down $0.39 on Thursday, reaching $7.70. The company’s stock had a trading volume of 707,360 shares, compared to its average volume of 547,849. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 14.26 and a beta of 1.27. Green Thumb Industries has a fifty-two week low of $5.29 and a fifty-two week high of $10.43. The stock has a 50 day moving average of $7.33 and a two-hundred day moving average of $7.30.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $306.68 million during the quarter, compared to the consensus estimate of $298.99 million. Green Thumb Industries had a net margin of 10.48% and a return on equity of 6.03%. As a group, analysts anticipate that Green Thumb Industries will post 0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GTBIF shares. Seaport Research Partners restated a “buy” rating and issued a $18.00 price objective on shares of Green Thumb Industries in a report on Thursday, August 6th. Roth Capital set a $18.00 price target on shares of Green Thumb Industries in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $18.00.

About Green Thumb Industries

Green Thumb Industries Inc is a consumer-focused cannabis company that cultivates, manufactures and distributes cannabis products in the United States. Its product portfolio includes flower, pre-rolls, vapes, edibles, concentrates and other cannabis products sold under brands such as Good Green, &Shine, incredibles, Beboe and Dogwalkers.

The company also operates a national retail platform under the RISE Dispensaries name. Through its cultivation, manufacturing and retail operations, Green Thumb serves adult-use and medical cannabis markets across multiple states, including Illinois, Pennsylvania, Ohio, New Jersey, Nevada, Massachusetts, Maryland, Florida, Virginia, Connecticut and Minnesota.

Founded in 2014 and headquartered in Chicago, Green Thumb Industries has expanded through the development and acquisition of cultivation facilities, manufacturing operations and dispensary locations.