Green Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 414,958 shares, an increase of 1,885.0% from the April 15th total of 20,905 shares. Based on an average trading volume of 1,863,768 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.
Green Thumb Industries Stock Up 2.0%
Shares of OTCMKTS:GTBIF traded up $0.16 during midday trading on Monday, reaching $8.03. 530,388 shares of the company were exchanged, compared to its average volume of 680,513. Green Thumb Industries has a fifty-two week low of $4.80 and a fifty-two week high of $10.43. The stock has a fifty day simple moving average of $6.88 and a two-hundred day simple moving average of $7.07. The firm has a market cap of $1.67 billion, a PE ratio of 15.75 and a beta of 1.27.
Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. Green Thumb Industries had a net margin of 10.14% and a return on equity of 5.79%. The business had revenue of $300.19 million for the quarter, compared to analyst estimates of $297.64 million. As a group, analysts forecast that Green Thumb Industries will post 0.09 earnings per share for the current year.
Wall Street Analyst Weigh In
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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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