Greenlane Holdings, Inc. ( NASDAQ:GNLN – Get Free Report ) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 8,837 shares, a drop of 48.9% from the September 30th total of 17,285 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average trading volume of 30,008 shares, the days-to-cover ratio is currently 0.3 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Greenlane in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.
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Institutional Trading of Greenlane
A hedge fund recently bought a new position in Greenlane stock. Yorkville Advisors Global LP bought a new position in shares of Greenlane Holdings, Inc. ( NASDAQ:GNLN – Free Report ) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $74,000. Yorkville Advisors G...