Greenlane Holdings, Inc. (NASDAQ:GNLN) Short Interest Update

Greenlane Holdings, Inc. (NASDAQ:GNLNGet Free Report) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 27,684 shares, an increase of 64.1% from the June 30th total of 16,868 shares. Based on an average daily volume of 36,940 shares, the short-interest ratio is currently 0.7 days. Approximately 5.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Greenlane stock. Yorkville Advisors Global LP purchased a new position in shares of Greenlane Holdings, Inc. (NASDAQ:GNLNFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 200,000 shares of the company’s stock, valued at approximately $74,000. Yorkville Advisors Global LP owned about 31.75% of Greenlane at the end of the most recent quarter. 13.96% of the stock is currently owned by institutional investors and hedge funds.

Greenlane Stock Up 9.0%

Shares of GNLN opened at $1.93 on Friday. The company has a 50 day moving average of $2.61 and a two-hundred day moving average of $5.02. The company has a market cap of $1.22 million, a price-to-earnings ratio of -0.02 and a beta of 1.87. Greenlane has a twelve month low of $1.51 and a twelve month high of $37.97.

Greenlane (NASDAQ:GNLNGet Free Report) last announced its earnings results on Friday, May 15th. The company reported ($1.34) earnings per share for the quarter, topping the consensus estimate of ($1,100,000.00) by $1,099,998.66. The firm had revenue of $0.45 million for the quarter, compared to the consensus estimate of $35.56 million. Greenlane had a negative return on equity of 234.48% and a negative net margin of 3,001.59%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Greenlane in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Greenlane currently has a consensus rating of “Sell”.

View Our Latest Stock Report on Greenlane

About Greenlane

(Get Free Report)

Greenlane Holdings, Inc is a leading global distributor and direct-to-consumer retailer of premium cannabis consumption accessories and lifestyle products. The company’s portfolio spans hardware such as vaporizers, glassware, rolling papers, storage solutions, and concentrate tools, alongside branded and proprietary offerings designed to meet the evolving needs of both consumers and retail partners in the cannabis and hemp sectors.

Through a multi-channel platform, Greenlane serves a diverse customer base that includes smoke shops, dispensaries, specialty retailers and e-commerce operators.

Featured Articles

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