Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Update

Key Points

• Short interest surged 182.7% to 138,370 shares as of July 31, up from 48,944 shares on July 15. Despite the increase, short interest represents just 0.1% of shares outstanding, with a short-interest ratio of 0.1 days.
• Green Thumb Industries reported quarterly EPS of $0.02, beating estimates of $0.01, while revenue of $306.68 million exceeded expectations of $298.99 million.
• Analysts maintain a generally positive outlook, with an average “Buy” rating and an $18.00 average price target, compared with the stock’s Friday opening price of $7.35.

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 138,370 shares, a growth of 182.7% from the July 15th total of 48,944 shares. Based on an average daily volume of 993,765 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company's stock are sold short.

Green Thumb Industries Stock Performance

OTCMKTS GTBIF opened at $7.35 on Friday. Green Thumb Industries has a 52-week low of $5.29 and a 52-week high of $10.43. The company has a 50-day simple moving average of $7.41 and a 200 day simple moving average of $7.14. The company has a market capitalization of $1.44 billion, a PE ratio of 13.61 and a beta of 1.26.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. Green Thumb Industries had a net margin of 10.48% and a return on equity of 6.03%. The firm had revenue of $306.68 million for the quarter, compared to analysts' expectations of $298.99 million. As a group, analysts forecast that Green Thumb Industries will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GTBIF has been the subject of a number of recent analyst reports. Seaport Research Partners reaffirmed a "buy" rating and issued a $18.00 price objective on shares of Green Thumb Industries in a research report on Thursday, August 6th. Benchmark reissued a "buy" rating on shares of Green Thumb Industries in a research report on Thursday, May 7th. Finally, Roth Capital set a $18.00 target price on Green Thumb Industries in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $18.00.

Green Thumb Industries Company Profile

Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer with operations spanning cultivation, manufacturing and distribution. The company develops branded cannabis products across multiple formats, including dried flower, pre-rolls, oils, concentrates, edibles and vaporizers. Its product portfolio is marketed under well-known brand names tailored to the adult-use market, and the company works with licensed cultivators and partners to ensure consistent quality and compliance with state regulations.

In addition to its branded product lines, Green Thumb Industries maintains a network of wholly owned manufacturing facilities and distribution centers that supply its retail outlets as well as independent dispensaries.

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