Greenlane Holdings, Inc. (NASDAQ:GNLN) Short Interest Up 557.0% in April

Greenlane Holdings, Inc. (NASDAQ:GNLN) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 70,300 shares, an increase of 557.0% from the March 31st total of 10,700 shares. Based on an average daily trading volume, of 333,000 shares, the short-interest ratio is currently 0.2 days. Approximately 1.9% of the company’s stock are sold short.

Greenlane Trading Up 21.5 %

Greenlane stock traded up $0.11 during mid-day trading on Friday, hitting $0.64. The company had a trading volume of 1,012,560 shares, compared to its average volume of 875,122. Greenlane has a 12 month low of $0.37 and a 12 month high of $3.65. The stock’s 50 day moving average price is $0.52 and its two-hundred day moving average price is $0.52.

Hedge Funds Weigh In On Greenlane

A hedge fund recently bought a new stake in Greenlane stock. Twin Focus Capital Partners LLC acquired a new stake in shares of Greenlane Holdings, Inc. (NASDAQ:GNLN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 71,250 shares of the company’s stock, valued at approximately $37,000. Twin Focus Capital Partners LLC owned approximately 1.91% of Greenlane as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 13.96% of the company’s stock.

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.