Short Interest in Green Thumb Industries Inc. (OTCMKTS:GTBIF) Declines By 45.3%

Green Thumb Industries Inc. (OTCMKTS:GTBIF) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 88,149 shares, a decrease of 45.3% from the May 14th total of 161,250 shares. Based on an average daily volume of 727,508 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Green Thumb Industries Price Performance

GTBIF traded down $0.17 during midday trading on Tuesday, hitting $7.72. 325,528 shares of the company’s stock traded hands, compared to its average volume of 564,389. The company has a market cap of $1.60 billion, a PE ratio of 15.13 and a beta of 1.25. The stock’s fifty day simple moving average is $7.55 and its 200-day simple moving average is $7.27. Green Thumb Industries has a one year low of $4.80 and a one year high of $10.43.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. The firm had revenue of $300.19 million for the quarter, compared to analyst estimates of $297.64 million. Green Thumb Industries had a net margin of 10.14% and a return on equity of 5.79%. On average, research analysts expect that Green Thumb Industries will post 0.1 EPS for the current year.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “buy” rating on shares of Green Thumb Industries in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

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.