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

Key Points

• Short interest surged to 206,599 shares as of March 31, a 2,011.8% increase from March 15, equal to 0.1% of shares and a days-to-cover ratio of 0.1 days.
• Shares traded down 1.3% to $6.68 on Friday; the stock has a market capitalization of $1.39 billion and a price-to-earnings ratio of 13.92.
• Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer that develops branded products across multiple formats and operates its own manufacturing and distribution network.

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 206,599 shares, an increase of 2,011.8% from the March 15th total of 9,783 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily volume of 2,089,216 shares, the days-to-cover ratio is presently 0.1 days.

Green Thumb Industries Trading Down 1.3%

Shares of OTCMKTS GTBIF traded down $0.09 during trading hours on Friday, hitting $6.68. 134,352 shares of the company traded hands, compared to its average volume of 563,058. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 13.92 and a beta of 1.12. The company's 50 day moving average price is $6.58 and its 200 day moving average price is $7.19. Green Thumb Industries has a 12 month low of $4.80 and a 12 month high of $10.43.

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.

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