Short Interest in Greenlane Holdings, Inc. (NASDAQ:GNLN) Drops By 21.4%

Greenlane Holdings, Inc. (NASDAQ:GNLN) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 36,012 shares, a decrease of 21.4% from the March 31st total of 45,837 shares. Based on an average daily volume of 317,619 shares, the short-interest ratio is presently 0.1 days. Currently, 6.6% of the company’s stock are sold short.

Greenlane Trading Down 10.0%

Shares of GNLN traded down $0.52 on Friday, reaching $4.68. The company’s stock had a trading volume of 39,269 shares, compared to its average volume of 419,232. Greenlane has a twelve month low of $2.09 and a twelve month high of $101.40. The firm has a fifty day moving average of $4.66 and a 200-day moving average of $14.07.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Greenlane in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Greenlane Company Profile

Greenlane Holdings, Inc is a leading global distributor and direct-to-consumer retailer of premium cannabis consumption accessories and lifestyle products. The company’s portfolio spans hardware such as vaporizers, glassware, rolling papers, storage solutions, and concentrate tools, alongside branded and proprietary offerings designed to meet the evolving needs of both consumers and retail partners in the cannabis and hemp sectors.

Through a multi-channel platform, Greenlane serves a diverse customer base that includes smoke shops, dispensaries, specialty retailers and e-commerce operators.