Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Down 68.9% in July

Green Thumb Industries Inc. (OTCMKTS:GTBIFGet Free Report) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 48,944 shares, a drop of 68.9% from the June 30th total of 157,417 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,342,112 shares, the short-interest ratio is currently 0.0 days.

Green Thumb Industries Stock Performance

GTBIF traded down $0.23 during trading on Tuesday, reaching $6.88. 385,778 shares of the company traded hands, compared to its average volume of 566,712. Green Thumb Industries has a 12-month low of $5.29 and a 12-month high of $10.43. The firm has a fifty day simple moving average of $7.56 and a 200 day simple moving average of $7.25. The company has a market cap of $1.34 billion, a P/E ratio of 13.49 and a beta of 1.25.

Green Thumb Industries (OTCMKTS:GTBIFGet Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. The firm had revenue of $300.19 million for the quarter, compared to the consensus estimate of $297.64 million. Green Thumb Industries had a net margin of 10.14% and a return on equity of 5.79%. As a group, sell-side analysts expect that Green Thumb Industries will post 0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Benchmark reiterated a “buy” rating on shares of Green Thumb Industries in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

View Our Latest Stock Report on Green Thumb Industries

About Green Thumb Industries

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Green Thumb Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Thumb Industries and related companies with MarketBeat.com's FREE daily email newsletter.