Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 84,700 shares, agrowthof630.2% from the July 31st total of 11,600 shares. Based on an average daily volume of 2,162,400 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 2,162,400 shares, the short-interest ratio is currently 0.0 days.
Wall Street Analyst Weigh In
Separately, Benchmark restated 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 and one has assigned a Buy rating to the stock. According to MarketBeat.com, Green Thumb Industries has a consensus rating of "Strong Buy".
Read Our Latest Report on GTBIF
Green Thumb Industries Price Performance
Shares of OTCMKTS:GTBIF traded up $0.11 on Tuesday, hitting $8.80. The company's stock had a trading volume of 979,158 shares, compared to its average volume of 507,559. The company has a 50-day simple moving average of $6.78 and a 200 day simple moving average of $6.13. Green Thumb Industries has a 1 year low of $4.63 and a 1 year high of $11.50. The company has a market capitalization of $1.86 billion, a PE ratio of 80.01 and a beta of 1.22.
Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last announced its quarterly earnings data 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 net margin of 2.51% and a return on equity of 1.62%. On average, equities research analysts expect that Green Thumb Industries will post 0.32 earnings per share for the current fiscal year.
About Green Thumb Industries
(
Get Free Report)
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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