Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report) saw a significant decline in short interest in the month of 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 daily volume of 528,200 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company's shares are sold short.
Green Thumb Industries Trading Down 0.8%
GTBIF stock traded down $0.04 during trading on Thursday, reaching $5.20. 280,855 shares of the stock were exchanged, compared to its average volume of 439,197. The business has a 50 day moving average price of $5.52 and a 200-day moving average price of $6.81. Green Thumb Industries has a 1 year low of $4.63 and a 1 year high of $12.91. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 21.67 and a beta of 1.17.
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 for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The business had revenue of $279.54 million during the quarter, compared to analyst estimates of $283.36 million. Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. On average, research analysts anticipate that Green Thumb Industries will post 0.32 EPS for the current year.
Green Thumb Industries Company Profile
(
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.
Recommended Stories
Before you consider Green Thumb Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Green Thumb Industries wasn't on the list.
While Green Thumb Industries currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
