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

Green Thumb Industries Inc. (OTCMKTS:GTBIF) was the recipient of a large decline in short interest in 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 days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Roth Capital raised Green Thumb Industries to a “strong-buy” rating in a research note on Sunday, November 10th. Two analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy” and a consensus target price of $16.50.

Green Thumb Industries Price Performance

Shares of OTCMKTS GTBIF opened at $6.80 on Wednesday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 28.33 and a beta of 1.31. The business has a 50-day moving average of $7.48 and a two-hundred day moving average of $9.18. Green Thumb Industries has a 1 year low of $6.75 and a 1 year high of $16.33.

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.