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

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Tandy Leather Factory in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tandy Leather Factory currently has an average rating of “Sell”.

Institutional Investors Weigh In On Tandy Leather Factory

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. George Kaiser Family Foundation acquired a new stake in shares of Tandy Leather Factory in the second quarter valued at $101,000. Values First Advisors Inc. increased its holdings in shares of Tandy Leather Factory by 35.8% in the first 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. Finally, NewEdge Advisors LLC purchased a new stake in shares of Tandy Leather Factory in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 56.41% of the company’s stock.

Tandy Leather Factory Trading Up 1.0%

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

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

About Tandy Leather Factory

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.