Short Interest in Green Thumb Industries Inc. (OTCMKTS:GTBIF) Rises By 77.4%

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 20,400 shares, an increase of 77.4% from the November 15th total of 11,500 shares. Based on an average daily trading volume, of 911,500 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Roth Capital upgraded Green Thumb Industries to a “strong-buy” rating in a research report on Sunday, November 10th. Craig Hallum raised Green Thumb Industries to a “strong-buy” rating in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus target price of $16.50.

Green Thumb Industries Price Performance

Shares of GTBIF stock traded up $0.24 during trading hours on Friday, hitting $8.08. The company had a trading volume of 426,935 shares, compared to its average volume of 466,085. The stock has a market capitalization of $1.71 billion, a PE ratio of 29.93 and a beta of 1.31. The company’s fifty day moving average is $9.64 and its 200 day moving average is $10.56. Green Thumb Industries has a fifty-two week low of $7.50 and a fifty-two week high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. The firm had revenue of $286.87 million during the quarter, compared to analysts’ expectations of $283.96 million. Equities analysts forecast that Green Thumb Industries will post 0.32 earnings per share for the current 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.