Greenlane Holdings, Inc. (NASDAQ:GNLN) Short Interest Update

Greenlane Holdings, Inc. (NASDAQ:GNLN) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 65,130 shares, an increase of 80.9% from the April 15th total of 36,012 shares. Based on an average trading volume of 488,743 shares, the short-interest ratio is currently 0.1 days. Approximately 11.9% of the company’s stock are sold short.

Institutional Trading of Greenlane

An institutional investor recently bought a new position in Greenlane stock. Yorkville Advisors Global LP bought a new stake in shares of Greenlane Holdings, Inc. (NASDAQ:GNLN) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 200,000 shares of the company’s stock, valued at approximately $74,000. Yorkville Advisors Global LP owned 31.75% of Greenlane at the end of the most recent quarter. Institutional investors own 13.96% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Greenlane in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Greenlane Stock Down 4.7%

NASDAQ GNLN opened at $3.61 on Tuesday. The stock’s 50-day moving average price is $4.46 and its 200-day moving average price is $12.16. Greenlane has a 52 week low of $2.09 and a 52 week high of $101.40. The company has a market capitalization of $2.27 million, a P/E ratio of 0.00 and a beta of 1.96.

Greenlane (NASDAQ:GNLN) last posted its quarterly earnings data on Friday, May 15th. The company reported ($1.34) EPS for the quarter, topping the consensus estimate of ($1,100,000.00) by $1,099,998.66. Greenlane had a negative return on equity of 265.10% and a negative net margin of 3,001.59%.The firm had revenue of $0.45 million for the quarter, compared to the consensus estimate of $35.56 million.

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.