Short Interest in Green Thumb Industries Inc. (OTCMKTS:GTBIF) Increases By 128.5%

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 26,615 shares, an increase of 128.5% from the January 15th total of 11,649 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 791,739 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 791,739 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Green Thumb Industries Trading Down 2.3%

OTCMKTS GTBIF opened at $6.70 on Thursday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 39.41 and a beta of 1.15. The company has a 50 day moving average of $7.69 and a 200-day moving average of $7.56. Green Thumb Industries has a 1-year low of $4.63 and a 1-year high of $10.43.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Green Thumb Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

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.