Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Update

Green Thumb Industries Inc. (OTCMKTS:GTBIF) saw a large increase in short interest in 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. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 993,765 shares, the days-to-cover ratio is presently 0.1 days.

Green Thumb Industries Stock Performance

GTBIF stock opened at $7.30 on Friday. The company’s 50 day moving average price is $7.39 and its 200 day moving average price is $7.14. Green Thumb Industries has a fifty-two week low of $5.29 and a fifty-two week high of $10.43. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 13.52 and a beta of 1.26.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Green Thumb Industries had a net margin of 10.48% and a return on equity of 6.03%. The company had revenue of $306.68 million during the quarter, compared to the consensus estimate of $298.99 million. Equities analysts forecast that Green Thumb Industries will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GTBIF shares. Seaport Research Partners reiterated a “buy” rating and set a $18.00 price target on shares of Green Thumb Industries in a research note on Thursday, August 6th. Roth Capital set a $18.00 price objective on shares of Green Thumb Industries in a report on Wednesday, August 5th. Finally, Benchmark restated 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 given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Green Thumb Industries currently has a consensus rating of “Buy” and a consensus target price of $18.00.

About Green Thumb Industries

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.