Glass House Brands Inc. (NYSE:GLAS – Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 300,489 shares, an increase of 108.4% from the July 15th total of 144,167 shares. Based on an average trading volume of 371,591 shares, the short-interest ratio is presently 0.8 days. Currently, 0.4% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on GLAS shares. Canaccord Genuity Group set a $15.00 price objective on Glass House Brands in a research report on Friday. Lake Street Capital began coverage on shares of Glass House Brands in a research note on Monday, July 13th. They issued a “buy” rating and a $17.00 target price on the stock. Wall Street Zen upgraded shares of Glass House Brands to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings began coverage on Glass House Brands in a report on Wednesday, July 1st. They issued a “sell (d+)” rating on the stock. Finally, Zacks Research upgraded shares of Glass House Brands from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Glass House Brands presently has an average rating of “Moderate Buy” and a consensus target price of $16.00.
Check Out Our Latest Research Report on Glass House Brands
Glass House Brands Trading Down 5.4%
About Glass House Brands
Glass House Brands Inc is a vertically integrated cannabis company focused on the cultivation, manufacturing, and distribution of cannabis products in California. The company operates greenhouse and processing facilities and serves both the medical and adult-use cannabis markets through its branded product portfolio and wholesale channels.
Its business includes growing cannabis, producing finished goods, and selling flower, pre-rolls, and other cannabis products under its own brands as well as through third-party partnerships.
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