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

Green Thumb Industries Inc. (OTCMKTS:GTBIF) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 43,200 shares, a growth of 144.1% from the September 30th total of 17,700 shares. Based on an average daily volume of 465,500 shares, the short-interest ratio is presently 0.1 days.

Green Thumb Industries Price Performance

OTCMKTS:GTBIF traded up $0.06 during trading hours on Friday, reaching $11.00. 231,322 shares of the company were exchanged, compared to its average volume of 446,636. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 45.83 and a beta of 1.40. The stock has a 50 day simple moving average of $10.35 and a 200 day simple moving average of $11.34. Green Thumb Industries has a 52-week low of $7.57 and a 52-week high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its earnings results on Monday, August 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. The business had revenue of $280.15 million for the quarter, compared to analyst estimates of $277.01 million. On average, analysts predict that Green Thumb Industries will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

GTBIF has been the subject of a number of analyst reports. Ventum Cap Mkts raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Tuesday, August 6th. Craig Hallum raised Green Thumb Industries to a “strong-buy” rating in a research note on Monday, September 16th. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $16.50.

About Green Thumb Industries

Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.