Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Down 61.1% in May

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 161,250 shares, a drop of 61.1% from the April 30th total of 414,958 shares. Based on an average trading volume of 902,221 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Green Thumb Industries Trading Up 0.7%

Shares of OTCMKTS:GTBIF opened at $8.07 on Friday. Green Thumb Industries has a 12-month low of $4.80 and a 12-month high of $10.43. The business’s fifty day simple moving average is $7.14 and its 200-day simple moving average is $7.11. The company has a market capitalization of $1.68 billion, a PE ratio of 15.82 and a beta of 1.27.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $300.19 million during the quarter, compared to analysts’ expectations of $297.64 million. Green Thumb Industries had a return on equity of 5.79% and a net margin of 10.14%. Research analysts predict that Green Thumb Industries will post 0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating on shares of Green Thumb Industries in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Green Thumb Industries Company Profile

Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer with operations spanning cultivation, manufacturing and distribution. The company develops branded cannabis products across multiple formats, including dried flower, pre-rolls, oils, concentrates, edibles and vaporizers. Its product portfolio is marketed under well-known brand names tailored to the adult-use market, and the company works with licensed cultivators and partners to ensure consistent quality and compliance with state regulations.

In addition to its branded product lines, Green Thumb Industries maintains a network of wholly owned manufacturing facilities and distribution centers that supply its retail outlets as well as independent dispensaries.