Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Up 1,225.3% in September

Key Points

• Green Thumb Industries Inc. experienced a significant increase in short interest, rising 1,225.3% in September, totaling 193,500 shares by month's end.
• The company's stock price fell to $8.08 in mid-day trading, with a market capitalization of $1.68 billion and a 52-week range between $4.63 and $11.50.
• Analysts have mixed views on the stock, with ratings varying from a "strong-buy" to a "strong sell," leading to a consensus rating of "Buy."

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 193,500 shares, a growth of 1,225.3% from the September 15th total of 14,600 shares. Based on an average trading volume of 878,800 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 878,800 shares, the short-interest ratio is presently 0.2 days.

Green Thumb Industries Price Performance

GTBIF stock traded down $0.47 during mid-day trading on Thursday, reaching $8.08. The company had a trading volume of 314,667 shares, compared to its average volume of 493,047. The stock has a 50 day simple moving average of $8.19 and a two-hundred day simple moving average of $6.49. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 73.46 and a beta of 1.20. Green Thumb Industries has a 52 week low of $4.63 and a 52 week high of $11.50.

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). Green Thumb Industries had a return on equity of 1.62% and a net margin of 2.51%.The business had revenue of $293.26 million for the quarter, compared to analyst estimates of $280.66 million. On average, equities analysts predict that Green Thumb Industries will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group raised shares of Green Thumb Industries to a "strong-buy" rating in a research report on Thursday, October 9th. Zacks Research downgraded Green Thumb Industries from a "hold" rating to a "strong sell" rating in a research report on Friday, October 10th. Finally, Benchmark reiterated a "buy" rating on shares of Green Thumb Industries in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy".

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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