Green Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 43,200 shares, an increase of 144.1% from the September 30th total of 17,700 shares. Based on an average trading volume of 465,500 shares, the short-interest ratio is presently 0.1 days.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Craig Hallum raised Green Thumb Industries to a “strong-buy” rating in a research report on Monday, September 16th. Ventum Cap Mkts upgraded Green Thumb Industries to a “strong-buy” rating in a report on Tuesday, August 6th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $16.50.
Check Out Our Latest Stock Report on Green Thumb Industries
Green Thumb Industries Trading Up 0.6 %
Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. The business had revenue of $280.15 million for the quarter, compared to analysts’ expectations of $277.01 million. Sell-side analysts predict that Green Thumb Industries will post 0.32 EPS for the current year.
Green Thumb Industries Company Profile
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.
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