Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Up 630.2% in August

Key Points

• Green Thumb Industries Inc. experienced a dramatic increase in short interest, rising by 630.2% in August, with a total of 84,700 shares as of August 15th.
• Benchmark analysts have maintained a "buy" rating on the stock, contributing to a consensus rating of "Strong Buy" from two analysts.
• Despite a revenue report of $293.26 million, the company missed earnings estimates by ($0.05), reporting earnings per share of ($0.01) for the quarter ending August 6th.

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report) saw a large 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 trading volume, of 2,162,400 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 2,162,400 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a "buy" rating on shares of Green Thumb Industries in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Strong Buy".

Green Thumb Industries Trading Up 4.6%

GTBIF traded up $0.36 during trading on Friday, hitting $8.27. The stock had a trading volume of 211,333 shares, compared to its average volume of 840,033. The firm has a market cap of $1.75 billion, a PE ratio of 75.19 and a beta of 1.22. Green Thumb Industries has a 12 month low of $4.63 and a 12 month high of $11.50. The company has a 50 day simple moving average of $7.03 and a 200-day simple moving average of $6.17.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The firm had revenue of $293.26 million during the quarter, compared to the consensus estimate of $280.66 million. Green Thumb Industries had a return on equity of 1.62% and a net margin of 2.51%. As a group, sell-side analysts anticipate that Green Thumb Industries will post 0.32 earnings per share for the current fiscal year.

Green Thumb Industries Company Profile

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.