Short Interest in Green Thumb Industries Inc. (OTCMKTS:GTBIF) Declines By 68.9%

Green Thumb Industries Inc. (OTCMKTS:GTBIF) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 48,944 shares, a drop of 68.9% from the June 30th total of 157,417 shares. Based on an average daily trading volume, of 1,342,112 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Benchmark restated 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 given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Green Thumb Industries Trading Down 1.4%

GTBIF stock opened at $7.02 on Friday. The company’s 50 day moving average is $7.57 and its 200 day moving average is $7.26. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 13.76 and a beta of 1.25. Green Thumb Industries has a 1-year low of $5.29 and a 1-year high of $10.43.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its earnings results on Wednesday, May 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. Green Thumb Industries had a net margin of 10.14% and a return on equity of 5.79%. The business had revenue of $300.19 million during the quarter, compared to analyst estimates of $297.64 million. As a group, sell-side analysts forecast that Green Thumb Industries will post 0.1 EPS for the current fiscal year.

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.