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

Greenlane Holdings, Inc. (NASDAQ:GNLN) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 19,633 shares, a decline of 83.8% from the December 15th total of 121,247 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 96,111 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 96,111 shares, the short-interest ratio is currently 0.2 days. Currently, 1.3% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Greenlane in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Greenlane presently has an average rating of “Sell”.

Greenlane Stock Up 0.6%

NASDAQ:GNLN traded up $0.01 on Monday, hitting $1.57. The stock had a trading volume of 49,584 shares, compared to its average volume of 73,205. The company has a fifty day moving average price of $2.66 and a two-hundred day moving average price of $3.27. Greenlane has a 1-year low of $1.48 and a 1-year high of $1,230.00. The stock has a market cap of $2.36 million, a price-to-earnings ratio of -0.01 and a beta of 1.17.

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

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.