Green Thumb Industries Inc. (OTCMKTS:GTBIF) Stock Short Interest Jumps 139.6%

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 237,712 shares, an increase of 139.6% from the September 30th total of 99,211 shares. Based on an average trading volume of 933,998 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Green Thumb Industries Stock Performance

OTCMKTS:GTBIF opened at $6.43 on Friday. Green Thumb Industries has a 52 week low of $5.29 and a 52 week high of $10.43. The firm has a 50-day moving average price of $7.09 and a two-hundred day moving average price of $7.18. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 11.91 and a beta of 1.28.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its earnings results on Tuesday, August 4th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $306.68 million for the quarter, compared to the consensus estimate of $298.99 million. Green Thumb Industries had a return on equity of 6.03% and a net margin of 10.48%. As a group, sell-side analysts forecast that Green Thumb Industries will post 0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Seaport Research Partners restated a “buy” rating and set a $18.00 price target on shares of Green Thumb Industries in a report on Thursday, August 6th. Roth Capital set a $18.00 target price on shares of Green Thumb Industries in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Green Thumb Industries currently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Green Thumb Industries Company Profile

Green Thumb Industries Inc is a consumer packaged goods and retail cannabis company headquartered in Chicago, Illinois. Founded in 2014, the company develops, manufactures and distributes cannabis products for medical and adult-use markets, subject to applicable state regulations.

Its portfolio includes branded flower, pre-rolls, vape products, concentrates, edibles and other cannabis products sold under brands such as Good Green, &Shine, RYTHM, incredibles and Beboe. Green Thumb also operates retail cannabis dispensaries under the RISE brand, offering cannabis products and related accessories through its store network.

Green Thumb serves customers in multiple U.S.