Tandy Leather Factory, Inc. (NASDAQ:TLF) Sees Significant Decrease in Short Interest

Tandy Leather Factory, Inc. (NASDAQ:TLF) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,644 shares, a decline of 63.7% from the September 30th total of 4,527 shares. Based on an average daily volume of 14,664 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Tandy Leather Factory stock. George Kaiser Family Foundation purchased a new position in Tandy Leather Factory, Inc. (NASDAQ:TLF) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 43,443 shares of the textile maker’s stock, valued at approximately $101,000. George Kaiser Family Foundation owned about 0.53% of Tandy Leather Factory as of its most recent SEC filing. Institutional investors and hedge funds own 56.41% of the company’s stock.

Analyst Upgrades and Downgrades

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

Tandy Leather Factory Trading Up 4.2%

TLF stock opened at $2.35 on Friday. Tandy Leather Factory has a 52 week low of $2.09 and a 52 week high of $3.36. The company has a market capitalization of $19.21 million, a price-to-earnings ratio of -13.80 and a beta of 0.59. The firm’s 50-day moving average is $2.51 and its two-hundred day moving average is $2.49.

Tandy Leather Factory (NASDAQ:TLF) last released its 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 during the quarter, compared to analysts’ expectations of $23.89 million.

Tandy Leather Factory Company Profile

Tandy Leather Factory, Inc is a specialty retailer and distributor of leathercraft supplies. The company serves hobbyists, artisans, small businesses and other customers who create or repair leather goods.

Its products include leather hides and sides, leatherworking tools, hardware, dyes, finishes, lacing, adhesives, kits and related craft materials. Tandy also provides instructional resources and project-oriented supplies designed for customers with a range of experience levels.

Founded in 1919, the company has operated through a network of retail stores and direct-to-consumer channels, including its online platform and catalog operations.