Greenlane Holdings, Inc. (NASDAQ:GNLN) Sees Significant Increase in Short Interest

Greenlane Holdings, Inc. (NASDAQ:GNLN) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 47,900 shares, an increase of 164.6% from the September 30th total of 18,100 shares. Currently, 7.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,510,000 shares, the days-to-cover ratio is currently 0.0 days.

Greenlane Stock Performance

Shares of GNLN stock opened at $1.98 on Friday. Greenlane has a fifty-two week low of $1.95 and a fifty-two week high of $21.80. The stock has a 50 day moving average price of $5.06 and a two-hundred day moving average price of $5.24. The company has a market capitalization of $7.39 million, a P/E ratio of -0.08 and a beta of 1.82.

Greenlane (NASDAQ:GNLN) last announced 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 company had revenue of $2.65 million during 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.