Green Thumb Industries Inc. (OTCMKTS:GTBIF) Sees Large Decline in Short Interest

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Ventum Cap Mkts upgraded Green Thumb Industries to a "strong-buy" rating in a research note on Tuesday, August 6th. Roth Capital upgraded Green Thumb Industries to a "strong-buy" rating in a research note on Sunday, November 10th. Finally, Craig Hallum upgraded Green Thumb Industries to a "strong-buy" rating in a research note on Monday, September 16th. Three 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, Green Thumb Industries currently has a consensus rating of "Strong Buy" and an average price target of $16.50.

Green Thumb Industries Stock Up 3.4 %

GTBIF stock traded up $0.32 during midday trading on Friday, reaching $9.61. 286,728 shares of the company's stock traded hands, compared to its average volume of 465,057. The company has a 50-day simple moving average of $10.23 and a two-hundred day simple moving average of $11.03. Green Thumb Industries has a 1-year low of $7.50 and a 1-year high of $16.33. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 35.59 and a beta of 1.40.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). The business 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%. Equities research analysts forecast that Green Thumb Industries will post 0.32 EPS for the current 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.