ToughBuilt Industries, Inc. (NASDAQ:TBLT) Short Interest Update

ToughBuilt Industries, Inc. (NASDAQ:TBLT) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 80,400 shares, a drop of 16.6% from the March 31st total of 96,400 shares. Approximately 11.4% of the shares of the company are short sold. Based on an average daily volume of 101,200 shares, the days-to-cover ratio is currently 0.8 days.

ToughBuilt Industries Stock Down 2.4 %

Shares of ToughBuilt Industries stock opened at $2.46 on Friday. ToughBuilt Industries has a 52 week low of $2.12 and a 52 week high of $70.85. The firm has a market capitalization of $1.55 million, a P/E ratio of -0.01 and a beta of 1.90. The company has a 50 day moving average price of $3.09 and a 200 day moving average price of $7.36.

Hedge Funds Weigh In On ToughBuilt Industries

A hedge fund recently bought a new stake in ToughBuilt Industries stock. FNY Investment Advisers LLC bought a new stake in shares of ToughBuilt Industries, Inc. (NASDAQ:TBLT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 160,000 shares of the company’s stock, valued at approximately $25,000. FNY Investment Advisers LLC owned approximately 28.07% of ToughBuilt Industries at the end of the most recent reporting period. 20.57% of the stock is owned by hedge funds and other institutional investors.

About ToughBuilt Industries

ToughBuilt Industries, Inc engages in design, development, manufacture, and distribution of home improvement and construction products for the building industry in the United States and internationally. It offers tool pouches, tool rigs, tool belts and accessories, tools bags, totes, various storage solutions, and office organizers/bags for laptop/tablet/cellphones, etc.; and kneepads.