Green Thumb Industries Inc. (OTCMKTS:GTBIF) Sees Significant Decrease in Short Interest

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 23,500 shares, a decline of 7.8% from the January 15th total of 25,500 shares. Based on an average daily volume of 939,700 shares, the short-interest ratio is currently 0.0 days.

Green Thumb Industries Stock Down 5.6 %

GTBIF opened at $6.80 on Wednesday. The business has a 50 day moving average price of $7.48 and a two-hundred day moving average price of $9.18. The company has a market cap of $1.44 billion, a PE ratio of 28.33 and a beta of 1.31. Green Thumb Industries has a 52 week low of $6.75 and a 52 week high of $16.33.

Analyst Ratings Changes

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

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.