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

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report) saw a large decline in short interest in May. As of May 15th, there was short interest totalling 268,600 shares, a decline of 22.3% from the April 30th total of 345,700 shares. Based on an average trading volume of 528,200 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company's shares are sold short.

Green Thumb Industries Stock Up 1.9%

OTCMKTS:GTBIF traded up $0.10 on Friday, reaching $5.20. 296,278 shares of the company's stock were exchanged, compared to its average volume of 435,351. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 21.65 and a beta of 1.17. Green Thumb Industries has a 52-week low of $4.63 and a 52-week high of $12.91. The business has a fifty day moving average of $5.51 and a 200-day moving average of $6.78.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. The company had revenue of $279.54 million during the quarter, compared to analyst estimates of $283.36 million. As a group, equities analysts anticipate 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.