Greenlane Holdings, Inc. (NASDAQ:GNLN) Short Interest Down 80.1% in February

Greenlane Holdings, Inc. (NASDAQ:GNLN) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 156,036 shares, a decline of 80.1% from the February 12th total of 783,345 shares. Based on an average daily trading volume, of 162,605 shares, the short-interest ratio is currently 1.0 days. Currently, 2.3% of the shares of the stock are sold short. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 162,605 shares, the short-interest ratio is currently 1.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Greenlane in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Greenlane has a consensus rating of “Sell”.

Greenlane Stock Performance

Shares of NASDAQ GNLN traded down $0.02 during mid-day trading on Wednesday, reaching $0.85. The company’s stock had a trading volume of 86,834 shares, compared to its average volume of 653,950. The stock has a 50-day moving average of $1.18 and a two-hundred day moving average of $2.53. The stock has a market capitalization of $6.74 million, a P/E ratio of 0.00 and a beta of 1.24. Greenlane has a 1-year low of $0.60 and a 1-year high of $413.10.

Greenlane Company Profile

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.