Short Interest in Green Thumb Industries Inc. (OTCMKTS:GTBIF) Drops By 68.9%

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 48,944 shares, a decrease of 68.9% from the June 30th total of 157,417 shares. Based on an average daily volume of 1,342,112 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Benchmark reissued a “buy” rating on shares of Green Thumb Industries in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Green Thumb Industries currently has a consensus rating of “Buy”.

Green Thumb Industries Price Performance

Shares of GTBIF stock opened at $7.02 on Monday. The stock’s 50-day moving average is $7.57 and its 200 day moving average is $7.25. Green Thumb Industries has a 1-year low of $5.29 and a 1-year high of $10.43. The company has a market cap of $1.37 billion, a P/E ratio of 13.76 and a beta of 1.25.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its earnings results on Wednesday, May 6th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. Green Thumb Industries had a net margin of 10.14% and a return on equity of 5.79%. The business had revenue of $300.19 million during the quarter, compared to the consensus estimate of $297.64 million. On average, analysts anticipate that Green Thumb Industries will post 0.1 EPS for the current year.

About Green Thumb Industries

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.