Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Up 2,502.4% in March

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 330,500 shares, an increase of 2,502.4% from the February 28th total of 12,700 shares. Based on an average daily trading volume, of 1,092,100 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Green Thumb Industries Stock Down 1.8 %

GTBIF stock traded down $0.10 during trading on Thursday, hitting $5.52. The company had a trading volume of 1,601,675 shares, compared to its average volume of 489,384. The firm has a market cap of $1.17 billion, a PE ratio of 23.00 and a beta of 1.30. The firm has a 50-day moving average price of $6.85 and a 200-day moving average price of $8.47. Green Thumb Industries has a 1-year low of $5.37 and a 1-year high of $16.33.

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

About Green Thumb Industries

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.