Tandy Leather Factory, Inc. (NASDAQ:TLF) Short Interest Update

Tandy Leather Factory, Inc. (NASDAQ:TLF) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 15,072 shares, a decrease of 46.4% from the July 30th total of 28,118 shares. Based on an average daily volume of 36,174 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Tandy Leather Factory from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Tandy Leather Factory Price Performance

NASDAQ TLF opened at $2.62 on Tuesday. Tandy Leather Factory has a 1-year low of $2.20 and a 1-year high of $3.36. The company has a market capitalization of $21.46 million, a P/E ratio of -15.41 and a beta of 0.47. The business has a 50 day moving average price of $2.44 and a 200 day moving average price of $2.43.

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

Institutional Investors Weigh In On Tandy Leather Factory

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TLF. NewEdge Advisors LLC purchased a new position in Tandy Leather Factory in the 2nd quarter worth about $39,000. Values First Advisors Inc. grew its position in Tandy Leather Factory by 35.8% in the 1st quarter. Values First Advisors Inc. now owns 57,792 shares of the textile maker’s stock worth $134,000 after purchasing an additional 15,233 shares during the last quarter. Finally, George Kaiser Family Foundation acquired a new position in shares of Tandy Leather Factory in the 2nd quarter valued at $101,000. Institutional investors own 56.41% of the company’s stock.

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.