Greenlane Holdings, Inc. (NASDAQ:GNLN) Short Interest Up 152.1% in January

Greenlane Holdings, Inc. (NASDAQ:GNLN) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 49,501 shares, an increase of 152.1% from the December 31st total of 19,633 shares. Based on an average daily volume of 48,429 shares, the short-interest ratio is presently 1.0 days. Approximately 0.6% of the company’s shares are sold short. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 48,429 shares, the short-interest ratio is presently 1.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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, According to data from MarketBeat, Greenlane presently has a consensus rating of “Sell”.

Greenlane Trading Down 2.3%

Greenlane stock traded down $0.04 on Thursday, hitting $1.46. 56,681 shares of the stock traded hands, compared to its average volume of 228,170. Greenlane has a 1 year low of $1.30 and a 1 year high of $1,200.00. The firm has a market cap of $11.60 million, a P/E ratio of -0.01 and a beta of 1.17. The business’s fifty day simple moving average is $2.30 and its 200 day simple moving average is $3.09.

Greenlane (NASDAQ:GNLN) last issued its quarterly earnings results on Friday, November 14th. The company reported ($6.44) earnings per share (EPS) for the quarter. Greenlane had a negative return on equity of 164.19% and a negative net margin of 532.82%.The business had revenue of $0.74 million during the quarter.

About Greenlane

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.