Green Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 26,615 shares, a growth of 128.5% from the January 15th total of 11,649 shares. Based on an average daily trading volume, of 791,739 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 791,739 shares, the days-to-cover ratio is presently 0.0 days.
Green Thumb Industries Stock Up 3.7%
OTCMKTS GTBIF traded up $0.25 on Friday, reaching $6.97. 137,727 shares of the stock traded hands, compared to its average volume of 432,441. Green Thumb Industries has a 12 month low of $4.63 and a 12 month high of $10.43. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 41.00 and a beta of 1.15. The firm’s fifty day simple moving average is $7.69 and its 200 day simple moving average is $7.56.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Green Thumb Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Green Thumb Industries has a consensus rating of “Buy”.
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.
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