Short Interest in Green Thumb Industries Inc. (OTCMKTS:GTBIF) Expands By 141.4%

Posted by Lauren Steadman on Jan 16th, 2025

Green Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 30,900 shares, a growth of 141.4% from the December 15th total of 12,800 shares. Based on an average trading volume of 1,027,900 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on Green Thumb Industries

Green Thumb Industries Trading Up 0.3 %

OTCMKTS GTBIF traded up $0.02 during trading hours on Wednesday, reaching $7.07. The company’s stock had a trading volume of 481,302 shares, compared to its average volume of 360,884. The business has a 50-day simple moving average of $8.45 and a 200 day simple moving average of $9.92. Green Thumb Industries has a 52 week low of $7.00 and a 52 week high of $16.33. The stock has a market cap of $1.50 billion, a PE ratio of 29.46 and a beta of 1.34.

Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 $286.87 million during the quarter, compared to the consensus estimate of $283.96 million. As a group, equities analysts predict that Green Thumb Industries will post 0.32 EPS for the current year.

About Green Thumb Industries

(Get Free Report)

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.