Green Thumb Industries Inc. (OTCMKTS:GTBIF) Stock Short Interest Report for September

Green Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 99,211 shares, a decline of 97.9% from the September 15th total of 4,821,938 shares. Based on an average daily volume of 1,537,548 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Green Thumb Industries Price Performance

GTBIF stock traded up $0.06 during trading hours on Friday, reaching $6.62. 369,683 shares of the stock were exchanged, compared to its average volume of 664,804. The firm’s 50-day moving average is $7.32 and its 200-day moving average is $7.33. Green Thumb Industries has a 12 month low of $5.29 and a 12 month high of $10.43. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 12.26 and a beta of 1.28.

Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $306.68 million for the quarter, compared to analyst estimates of $298.99 million. Green Thumb Industries had a return on equity of 6.03% and a net margin of 10.48%. As a group, equities research analysts forecast that Green Thumb Industries will post 0.16 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on GTBIF. Seaport Research Partners restated a “buy” rating and set a $18.00 target price on shares of Green Thumb Industries in a report on Thursday, August 6th. Roth Capital set a $18.00 price target on shares of Green Thumb Industries in a report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Green Thumb Industries presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Check Out Our Latest Analysis on Green Thumb Industries

Green Thumb Industries Company Profile

(Get Free Report)

Green Thumb Industries Inc is a cannabis consumer packaged goods company and retailer headquartered in Chicago, Illinois. Founded in 2014, the company cultivates, processes, manufactures and distributes cannabis products for adult-use and medical markets in the United States.

Green Thumb’s product portfolio includes flower, pre-rolls, vaporizer products, edibles, concentrates and other cannabis products sold under brands such as RYTHM, &Shine, Good Green, incredibles and Beboe. The company also operates retail cannabis dispensaries under the RISE brand, offering products from its own portfolio and other producers where permitted by state regulations.

The company serves customers in multiple U.S.

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