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

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.

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.

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