Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Update

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 4,821,938 shares, an increase of 2,735.4% from the August 31st total of 170,063 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily volume of 908,782 shares, the short-interest ratio is presently 5.3 days.

Green Thumb Industries Trading Up 0.6%

Green Thumb Industries stock opened at $7.75 on Friday. 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 $1.51 billion, a PE ratio of 14.35 and a beta of 1.27. The company’s 50-day moving average is $7.35 and its two-hundred day moving average is $7.31.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its earnings results on Tuesday, August 4th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Green Thumb Industries had a net margin of 10.48% and a return on equity of 6.03%. The company had revenue of $306.68 million for the quarter, compared to analyst estimates of $298.99 million. Research analysts forecast that Green Thumb Industries will post 0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GTBIF. Roth Capital set a $18.00 price objective on Green Thumb Industries in a report on Wednesday, August 5th. Seaport Research Partners reissued a “buy” rating and issued a $18.00 target price on shares of Green Thumb Industries in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Green Thumb Industries presently has a consensus rating of “Buy” and a consensus price target of $18.00.

About Green Thumb Industries

Green Thumb Industries Inc is a consumer-focused cannabis company that cultivates, manufactures and distributes cannabis products in the United States. Its product portfolio includes flower, pre-rolls, vapes, edibles, concentrates and other cannabis products sold under brands such as Good Green, &Shine, incredibles, Beboe and Dogwalkers.

The company also operates a national retail platform under the RISE Dispensaries name. Through its cultivation, manufacturing and retail operations, Green Thumb serves adult-use and medical cannabis markets across multiple states, including Illinois, Pennsylvania, Ohio, New Jersey, Nevada, Massachusetts, Maryland, Florida, Virginia, Connecticut and Minnesota.

Founded in 2014 and headquartered in Chicago, Green Thumb Industries has expanded through the development and acquisition of cultivation facilities, manufacturing operations and dispensary locations.