Green Thumb Industries Inc. (OTCMKTS:GTBIF) Shares Shorted: Short Interest Down 97.9% in September

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 99,211 shares, a drop of 97.9% from the September 15th total of 4,821,938 shares. Based on an average daily trading volume, of 1,537,548 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Green Thumb Industries Stock Up 0.9%

Shares of GTBIF stock opened at $6.62 on Friday. The stock has a market cap of $1.29 billion, a P/E ratio of 12.26 and a beta of 1.28. Green Thumb Industries has a fifty-two week low of $5.29 and a fifty-two week high of $10.43. The business has a fifty day simple moving average of $7.32 and a 200-day simple moving average of $7.33.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Green Thumb Industries had a net margin of 10.48% and a return on equity of 6.03%. The firm had revenue of $306.68 million for the quarter, compared to analysts’ expectations of $298.99 million. On average, sell-side analysts anticipate that Green Thumb Industries will post 0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Green Thumb Industries Company Profile

Green Thumb Industries Inc is a cannabis consumer packaged goods company and retailer headquartered in Chicago, Illinois. Founded in 2014, the company cultivates, processes, manufactures and distributes cannabis products for adult-use and medical markets in the United States.

Green Thumb’s product portfolio includes flower, pre-rolls, vaporizer products, edibles, concentrates and other cannabis products sold under brands such as RYTHM, &Shine, Good Green, incredibles and Beboe. The company also operates retail cannabis dispensaries under the RISE brand, offering products from its own portfolio and other producers where permitted by state regulations.

The company serves customers in multiple U.S.