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

Greenlane Holdings, Inc. (NASDAQ:GNLN) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 783,345 shares, a growth of 2,141.3% from the January 29th total of 34,951 shares. Approximately 9.8% of the company’s shares are short sold. Based on an average daily volume of 2,356,866 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 2,356,866 shares, the days-to-cover ratio is currently 0.3 days. Approximately 9.8% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Greenlane in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Greenlane Price Performance

Shares of NASDAQ GNLN traded down $0.01 during midday trading on Wednesday, reaching $0.65. 57,318 shares of the stock were exchanged, compared to its average volume of 806,662. Greenlane has a 12 month low of $0.60 and a 12 month high of $554.25. The company has a market capitalization of $5.15 million, a price-to-earnings ratio of 0.00 and a beta of 1.23. The business has a 50-day simple moving average of $1.49 and a two-hundred day simple moving average of $2.72.

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.