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

Greenlane Holdings, Inc. (NASDAQ:GNLN) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 5,400 shares, a decrease of 81.5% from the June 15th total of 29,200 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 478,900 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Greenlane

A hedge fund recently bought a new stake in Greenlane stock. Twin Focus Capital Partners LLC bought a new stake in shares of Greenlane Holdings, Inc. (NASDAQ:GNLN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 71,250 shares of the company’s stock, valued at approximately $37,000. Twin Focus Capital Partners LLC owned approximately 1.91% of Greenlane at the end of the most recent reporting period. 13.96% of the stock is currently owned by institutional investors.

Greenlane Stock Up 5.1 %

Shares of NASDAQ GNLN traded up $0.01 during mid-day trading on Friday, reaching $0.28. 168,228 shares of the company were exchanged, compared to its average volume of 317,757. The stock has a market cap of $1.04 million, a price-to-earnings ratio of -0.01 and a beta of 1.77. Greenlane has a 1 year low of $0.24 and a 1 year high of $1.05. The firm has a 50-day moving average of $0.46 and a 200 day moving average of $0.49.

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.