Green Thumb Industries Inc. (OTCMKTS:GTBIF) Shares Shorted: Short Interest Up 139.6% in October

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 237,712 shares, an increase of 139.6% from the September 30th total of 99,211 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 933,998 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Seaport Research Partners reiterated a “buy” rating and set a $18.00 price target 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 investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Green Thumb Industries currently has an average rating of “Moderate Buy” and an average price target of $18.00.

Green Thumb Industries Trading Down 2.5%

Shares of GTBIF stock traded down $0.16 during trading hours on Friday, reaching $6.27. The company’s stock had a trading volume of 293,336 shares, compared to its average volume of 414,015. Green Thumb Industries has a one year low of $5.29 and a one year high of $10.43. The stock has a market capitalization of $1.24 billion, a P/E ratio of 11.61 and a beta of 1.28. The firm’s fifty day simple moving average is $7.06 and its 200 day simple moving average is $7.16.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its 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. Green Thumb Industries had a return on equity of 6.03% and a net margin of 10.48%. The company had revenue of $306.68 million during the quarter, compared to the consensus estimate of $298.99 million. As a group, equities research analysts forecast that Green Thumb Industries will post 0.16 earnings per share for the current fiscal year.

Green Thumb Industries Company Profile

Green Thumb Industries Inc is a consumer packaged goods and retail cannabis company headquartered in Chicago, Illinois. Founded in 2014, the company develops, manufactures and distributes cannabis products for medical and adult-use markets, subject to applicable state regulations.

Its portfolio includes branded flower, pre-rolls, vape products, concentrates, edibles and other cannabis products sold under brands such as Good Green, &Shine, RYTHM, incredibles and Beboe. Green Thumb also operates retail cannabis dispensaries under the RISE brand, offering cannabis products and related accessories through its store network.

Green Thumb serves customers in multiple U.S.