Green Thumb Industries Inc. (OTCMKTS:GTBIF) Shares Shorted: Short Interest Up 139.6% in October

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 237,712 shares, an increase of 139.6% from the September 30th total of 99,211 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 933,998 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GTBIF. Roth Capital set a $18.00 price target on shares of Green Thumb Industries in a report on Wednesday, August 5th. Seaport Research Partners restated a “buy” rating and issued a $18.00 price target on shares of Green Thumb Industries in a research report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Green Thumb Industries Trading Down 2.5%

Shares of OTCMKTS GTBIF opened at $6.27 on Friday. Green Thumb Industries has a one year low of $5.29 and a one year high of $10.43. The business has a 50-day moving average price of $7.06 and a two-hundred day moving average price of $7.16. The firm has a market capitalization of $1.24 billion, a PE ratio of 11.61 and a beta of 1.28.

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

Green Thumb Industries Company Profile

Green Thumb Industries Inc is a consumer packaged goods and retail cannabis company headquartered in Chicago, Illinois. Founded in 2014, the company develops, manufactures and distributes cannabis products for medical and adult-use markets, subject to applicable state regulations.

Its portfolio includes branded flower, pre-rolls, vape products, concentrates, edibles and other cannabis products sold under brands such as Good Green, &Shine, RYTHM, incredibles and Beboe. Green Thumb also operates retail cannabis dispensaries under the RISE brand, offering cannabis products and related accessories through its store network.

Green Thumb serves customers in multiple U.S.