Green Thumb Industries Inc. (OTCMKTS:GTBIF) Sees Significant Drop in Short Interest

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 34,000 shares, a decline of 21.3% from the October 15th total of 43,200 shares. Based on an average daily trading volume, of 547,300 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

GTBIF has been the topic of several analyst reports. Craig Hallum raised shares of Green Thumb Industries to a “strong-buy” rating in a report on Monday, September 16th. Roth Capital raised Green Thumb Industries to a “strong-buy” rating in a research note on Sunday, November 10th. Finally, Ventum Cap Mkts upgraded shares of Green Thumb Industries to a “strong-buy” rating in a research report on Tuesday, August 6th. Three analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and a consensus target price of $16.50.

Green Thumb Industries Stock Performance

Green Thumb Industries stock traded down $0.41 during mid-day trading on Friday, hitting $9.29. The company’s stock had a trading volume of 463,272 shares, compared to its average volume of 465,864. The stock has a market cap of $1.97 billion, a PE ratio of 34.41 and a beta of 1.40. Green Thumb Industries has a one year low of $7.50 and a one year high of $16.33. The company has a 50 day moving average of $10.23 and a 200-day moving average of $11.05.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $286.87 million for the quarter, compared to analysts’ expectations of $283.96 million. Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. On average, equities research analysts forecast that Green Thumb Industries will post 0.32 EPS for the current fiscal year.

About Green Thumb Industries

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.