Green Thumb Industries Inc. (OTCMKTS:GTBIF) Sees Significant Growth in Short Interest

Green Thumb Industries Inc. (OTCMKTS:GTBIFGet Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 330,500 shares, an increase of 2,502.4% from the February 28th total of 12,700 shares. Based on an average trading volume of 1,092,100 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Green Thumb Industries Trading Down 1.8 %

OTCMKTS:GTBIF traded down $0.10 on Thursday, hitting $5.52. 1,601,675 shares of the stock were exchanged, compared to its average volume of 489,384. The stock has a market cap of $1.17 billion, a PE ratio of 23.00 and a beta of 1.30. Green Thumb Industries has a fifty-two week low of $5.37 and a fifty-two week high of $16.33. The stock has a fifty day moving average of $6.85 and a 200-day moving average of $8.47.

Green Thumb Industries (OTCMKTS:GTBIFGet Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $294.32 million during the quarter, compared to analyst estimates of $289.66 million. Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. As a group, analysts predict that Green Thumb Industries will post 0.32 earnings per share for the current year.

Green Thumb Industries Company Profile

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Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.

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