Short Interest in Tandy Leather Factory, Inc. (NASDAQ:TLF) Decreases By 84.4%

Tandy Leather Factory, Inc. (NASDAQ:TLF) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,347 shares, a drop of 84.4% from the August 15th total of 15,072 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 36,573 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Tandy Leather Factory in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Tandy Leather Factory Price Performance

TLF stock traded up $0.03 during trading hours on Friday, reaching $2.62. 1,969 shares of the stock were exchanged, compared to its average volume of 38,750. Tandy Leather Factory has a 12 month low of $2.20 and a 12 month high of $3.36. The company has a market cap of $21.50 million, a price-to-earnings ratio of -15.58 and a beta of 0.50. The firm’s 50-day moving average is $2.48 and its 200-day moving average is $2.41.

Tandy Leather Factory (NASDAQ:TLF) last released its quarterly earnings results on Tuesday, August 11th. The textile maker reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). Tandy Leather Factory had a negative return on equity of 3.31% and a negative net margin of 2.14%.The firm had revenue of $18.04 million for the quarter, compared to analyst estimates of $23.89 million.

Institutional Trading of Tandy Leather Factory

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC purchased a new stake in shares of Tandy Leather Factory during the second quarter valued at approximately $39,000. George Kaiser Family Foundation purchased a new position in shares of Tandy Leather Factory in the 2nd quarter worth $101,000. Finally, Values First Advisors Inc. grew its stake in shares of Tandy Leather Factory by 35.8% during the 1st quarter. Values First Advisors Inc. now owns 57,792 shares of the textile maker’s stock valued at $134,000 after purchasing an additional 15,233 shares during the period. 56.41% of the stock is currently owned by hedge funds and other institutional investors.

Tandy Leather Factory Company Profile

Tandy Leather Factory, Inc engages in the distribution of leather and related products. It offers leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. It operates through North America and International geographical segments. The North America geographical segment consists of 115 stores, which offer a broad selection of products combined with leathercraft expertise in a one-stop shop. The International geographical segment comprises of similar to North America segment but generally located in light industrial areas.