Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Down 36.6% in February

Green Thumb Industries Inc. (OTCMKTS:GTBIF) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 14,900 shares, a decrease of 36.6% from the January 31st total of 23,500 shares. Based on an average trading volume of 1,295,100 shares, the short-interest ratio is presently 0.0 days.

Green Thumb Industries Price Performance

GTBIF stock traded up $0.08 during mid-day trading on Tuesday, reaching $7.03. The company had a trading volume of 1,226,877 shares, compared to its average volume of 487,654. Green Thumb Industries has a 52 week low of $6.60 and a 52 week high of $16.33. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 29.29 and a beta of 1.31. The stock has a 50 day simple moving average of $7.33 and a two-hundred day simple moving average of $8.91.

Green Thumb Industries (OTCMKTS:GTBIF) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $294.32 million for the quarter, compared to analyst estimates of $289.66 million. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. On average, equities analysts predict that Green Thumb Industries will post 0.32 EPS for the current year.

Analysts Set New Price Targets

Separately, Roth Capital raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Sunday, November 10th. Two equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy” and a consensus target price of $16.50.

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.