Short Interest in Green Thumb Industries Inc. (OTCMKTS:GTBIF) Expands By 141.4%

Posted by Faye Duncan on Jan 16th, 2025

Green Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 30,900 shares, a growth of 141.4% from the December 15th total of 12,800 shares. Based on an average daily volume of 1,027,900 shares, the days-to-cover ratio is presently 0.0 days.

Green Thumb Industries Price Performance

Shares of OTCMKTS GTBIF traded up $0.02 during midday trading on Wednesday, reaching $7.07. 481,302 shares of the company traded hands, compared to its average volume of 360,884. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 29.46 and a beta of 1.34. The stock has a 50-day moving average price of $8.45 and a 200 day moving average price of $9.92. Green Thumb Industries has a 52 week low of $7.00 and a 52 week high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) last released its 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 company had revenue of $286.87 million for the quarter, compared to analyst estimates of $283.96 million. Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. As a group, analysts expect that Green Thumb Industries will post 0.32 EPS for the current year.

Analysts Set New Price Targets

Separately, Roth Capital upgraded Green Thumb Industries to a “strong-buy” rating in a research report on Sunday, November 10th. Two equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Green Thumb Industries currently has an average rating of “Strong Buy” and a consensus price target of $16.50.

View 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.