Short Interest in Green Thumb Industries Inc. (OTCMKTS:GTBIF) Increases By 144.1%

Posted by Oscar Bower on Oct 28th, 2024

Green Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 43,200 shares, an increase of 144.1% from the September 30th total of 17,700 shares. Based on an average trading volume of 465,500 shares, the days-to-cover ratio is currently 0.1 days.

Green Thumb Industries Price Performance

Shares of GTBIF stock opened at $11.00 on Monday. The stock has a market capitalization of $2.34 billion, a PE ratio of 45.83 and a beta of 1.40. The business’s 50 day simple moving average is $10.35 and its 200 day simple moving average is $11.34. Green Thumb Industries has a one year low of $7.57 and a one year high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) last announced its earnings results on Monday, August 5th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $280.15 million during the quarter, compared to the consensus estimate of $277.01 million. Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. As a group, research analysts expect that Green Thumb Industries will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GTBIF shares. Ventum Cap Mkts upgraded shares of Green Thumb Industries to a “strong-buy” rating in a report on Tuesday, August 6th. Craig Hallum raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Monday, September 16th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $16.50.

Check Out Our Latest Research Report on GTBIF

Green Thumb Industries Company Profile

(Get Free Report)

Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.