Green Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 138,370 shares, an increase of 182.7% from the July 15th total of 48,944 shares. Based on an average trading volume of 993,765 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. Roth Capital set a $18.00 price target on shares of Green Thumb Industries in a research note on Wednesday, August 5th. Seaport Research Partners reiterated a “buy” rating and issued a $18.00 price objective on shares of Green Thumb Industries in a research note on Thursday, August 6th. Finally, Benchmark reissued a “buy” rating on shares of Green Thumb Industries in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $18.00.
Check Out Our Latest Stock Analysis on Green Thumb Industries
Green Thumb Industries Price Performance
Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $306.68 million during the quarter, compared to analysts’ expectations of $298.99 million. Green Thumb Industries had a return on equity of 6.03% and a net margin of 10.48%. On average, research analysts expect that Green Thumb Industries will post 0.15 earnings per share for the current fiscal year.
Green Thumb Industries Company Profile
Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer with operations spanning cultivation, manufacturing and distribution. The company develops branded cannabis products across multiple formats, including dried flower, pre-rolls, oils, concentrates, edibles and vaporizers. Its product portfolio is marketed under well-known brand names tailored to the adult-use market, and the company works with licensed cultivators and partners to ensure consistent quality and compliance with state regulations.
In addition to its branded product lines, Green Thumb Industries maintains a network of wholly owned manufacturing facilities and distribution centers that supply its retail outlets as well as independent dispensaries.
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