Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Down 79.2% in September

Key Points

• Green Thumb Industries Inc. experienced a significant decline in short interest by 79.2% in September, bringing the total to 14,600 shares.
• Analysts have upgraded their ratings on the stock, with Zacks Research moving from a "strong sell" to a "hold" and Benchmark reiterating a "buy" rating, contributing to a consensus rating of "Buy".
• The company's stock rose by 2.0% to $8.15, with a market cap of $1.69 billion and a price-to-earnings ratio of 74.10.

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 14,600 shares, a drop of 79.2% from the August 31st total of 70,200 shares. Based on an average daily trading volume, of 751,600 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 751,600 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Zacks Research raised shares of Green Thumb Industries from a "strong sell" rating to a "hold" rating in a research report on Friday, September 5th. Benchmark reiterated a "buy" rating on shares of Green Thumb Industries in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy".

Green Thumb Industries Trading Up 2.0%

GTBIF stock traded up $0.16 during midday trading on Wednesday, hitting $8.15. The company had a trading volume of 78,385 shares, compared to its average volume of 493,023. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 74.10 and a beta of 1.23. Green Thumb Industries has a 52 week low of $4.63 and a 52 week high of $11.50. The stock's 50 day moving average price is $7.70 and its 200 day moving average price is $6.29.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.05). The firm had revenue of $293.26 million for the quarter, compared to analysts' expectations of $280.66 million. Green Thumb Industries had a return on equity of 1.62% and a net margin of 2.51%. Analysts predict that Green Thumb Industries will post 0.32 earnings per share for the current year.

About Green Thumb Industries

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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