Green Thumb Industries Inc. (OTCMKTS:GTBIF) Stock Short Interest Report for September

Key Points

• Short interest plunged 97.9% in September to 99,211 shares, representing about 0.1% of Green Thumb Industries’ outstanding shares and a days-to-cover ratio of 0.1.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $18.00, versus the reported share price of $6.62.
• Green Thumb exceeded quarterly expectations, reporting $0.02 in EPS and $306.68 million in revenue, ahead of estimates of $0.01 and $298.99 million, respectively.

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 99,211 shares, a decrease of 97.9% from the September 15th total of 4,821,938 shares. Approximately 0.1% of the company's shares are short sold. Based on an average daily volume of 1,537,548 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

GTBIF has been the topic of a number of recent analyst reports. Roth Capital set a $18.00 target price on Green Thumb Industries in a report on Wednesday, August 5th. Seaport Research Partners reaffirmed a "buy" rating and issued a $18.00 price target on shares of Green Thumb Industries in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.00.

Green Thumb Industries Price Performance

Shares of OTCMKTS GTBIF traded up $0.06 during midday trading on Friday, reaching $6.62. 369,683 shares of the stock were exchanged, compared to its average volume of 664,804. The business has a 50-day simple moving average of $7.32 and a two-hundred day simple moving average of $7.33. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 12.26 and a beta of 1.28. Green Thumb Industries has a 12 month low of $5.29 and a 12 month high of $10.43.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $306.68 million during the quarter, compared to analyst estimates of $298.99 million. Equities research analysts expect that Green Thumb Industries will post 0.16 earnings per share for the current fiscal year.

About Green Thumb Industries

Green Thumb Industries Inc is a cannabis consumer packaged goods company and retailer headquartered in Chicago, Illinois. Founded in 2014, the company cultivates, processes, manufactures and distributes cannabis products for adult-use and medical markets in the United States.

Green Thumb's product portfolio includes flower, pre-rolls, vaporizer products, edibles, concentrates and other cannabis products sold under brands such as RYTHM, &Shine, Good Green, incredibles and Beboe. The company also operates retail cannabis dispensaries under the RISE brand, offering products from its own portfolio and other producers where permitted by state regulations.

The company serves customers in multiple U.S.

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