Greenlane Holdings, Inc. (NASDAQ:GNLN) Short Interest Update

Greenlane Holdings, Inc. (NASDAQ:GNLN) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 67,600 shares, a growth of 41.1% from the October 15th total of 47,900 shares. Based on an average daily trading volume, of 2,500,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 10.3% of the company’s shares are short sold.

Greenlane Trading Down 6.7 %

Shares of NASDAQ GNLN traded down $0.14 during midday trading on Friday, reaching $1.95. 181,565 shares of the stock were exchanged, compared to its average volume of 760,730. Greenlane has a 12 month low of $1.82 and a 12 month high of $21.80. The business has a 50-day simple moving average of $4.02 and a two-hundred day simple moving average of $4.82.

Greenlane (NASDAQ:GNLN) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($1.33) earnings per share for the quarter. Greenlane had a negative net margin of 66.59% and a negative return on equity of 202.12%. The business had revenue of $2.65 million for the quarter.

About Greenlane

Greenlane Holdings, Inc develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise.