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

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

Wall Street Analyst Weigh In

Separately, Roth Capital raised 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 issued a strong buy rating to the company. According to MarketBeat.com, Green Thumb Industries presently has an average rating of "Strong Buy" and an average price target of $16.50.

Green Thumb Industries Trading Up 0.4 %

GTBIF stock traded up $0.03 during midday trading on Friday, hitting $7.01. The company's stock had a trading volume of 326,038 shares, compared to its average volume of 424,552. The firm's 50-day moving average is $7.93 and its 200-day moving average is $9.50. Green Thumb Industries has a 12 month low of $6.89 and a 12 month high of $16.33. The company has a market cap of $1.48 billion, a PE ratio of 29.21 and a beta of 1.34.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. The company had revenue of $286.87 million during the quarter, compared to analysts' expectations of $283.96 million. Analysts expect 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.