Short Interest in Green Thumb Industries Inc. (OTCMKTS:GTBIF) Declines By 17.5%

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 25,500 shares, a decrease of 17.5% from the December 31st total of 30,900 shares. Based on an average daily trading volume, of 731,300 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Roth Capital upgraded shares of Green Thumb Industries to a "strong-buy" rating in a report on Sunday, November 10th. Two research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Strong Buy" and an average price target of $16.50.

Green Thumb Industries Stock Performance

GTBIF stock traded down $0.00 during mid-day trading on Wednesday, hitting $6.98. The company had a trading volume of 1,154,069 shares, compared to its average volume of 455,185. Green Thumb Industries has a 12 month low of $6.75 and a 12 month high of $16.33. The stock's fifty day moving average price is $7.84 and its two-hundred day moving average price is $9.45. The firm has a market cap of $1.48 billion, a PE ratio of 29.08 and a beta of 1.34.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates 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%. Equities analysts anticipate that Green Thumb Industries will post 0.32 earnings per share for the current year.

Green Thumb Industries Company Profile

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.