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

Posted by Erica Schwartz on Jan 16th, 2025

Green Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report) was the recipient of a large growth in short interest in the month of 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 daily trading volume, of 1,027,900 shares, the days-to-cover ratio is presently 0.0 days.

Green Thumb Industries Price Performance

Green Thumb Industries stock traded up $0.02 during mid-day trading on Thursday, reaching $7.07. The stock had a trading volume of 481,302 shares, compared to its average volume of 360,884. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 29.46 and a beta of 1.34. The company has a 50-day moving average price of $8.42 and a two-hundred day moving average price of $9.89. Green Thumb Industries has a one year low of $7.00 and a one year high of $16.33.

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 analysts’ consensus estimates of $0.06 by ($0.02). The firm had revenue of $286.87 million during the quarter, compared to the consensus estimate of $283.96 million. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. On average, equities research analysts anticipate that Green Thumb Industries will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Roth Capital raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Sunday, November 10th. Two investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Strong Buy” and an average target price of $16.50.

Check Out Our Latest Stock Analysis on Green Thumb Industries

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.