Greenlane Holdings, Inc. (NASDAQ:GNLN) Short Interest Update

Greenlane Holdings, Inc. (NASDAQ:GNLN) saw a large increase in short interest during the month of 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. Approximately 7.3% of the company’s stock are sold short. Based on an average daily volume of 1,510,000 shares, the days-to-cover ratio is currently 0.0 days.

Greenlane Trading Down 12.0 %

Shares of NASDAQ:GNLN opened at $1.98 on Monday. Greenlane has a 1 year low of $1.95 and a 1 year high of $21.80. The firm has a fifty day moving average price of $5.06 and a 200 day moving average price of $5.23.

Greenlane (NASDAQ:GNLN) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($1.33) earnings per share (EPS) for the quarter. Greenlane had a negative return on equity of 202.12% and a negative net margin of 66.59%. The company had revenue of $2.65 million for the quarter.

Greenlane Company Profile

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.