Tandy Leather Factory, Inc. (NASDAQ:TLF) Short Interest Down 46.4% in August

Tandy Leather Factory, Inc. (NASDAQ:TLF) was the target of a large decrease in short interest in 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. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 36,174 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

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

Tandy Leather Factory Trading Down 2.6%

NASDAQ:TLF opened at $2.58 on Friday. The company has a market cap of $21.13 million, a PE ratio of -15.18 and a beta of 0.47. The company has a 50 day simple moving average of $2.43 and a two-hundred day simple moving average of $2.44. Tandy Leather Factory has a 12 month low of $2.20 and a 12 month high of $3.36.

Tandy Leather Factory (NASDAQ:TLF) last issued its quarterly earnings data 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 firm 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%.

Institutional Investors Weigh In On Tandy Leather Factory

A number of hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC bought a new position in Tandy Leather Factory during the second quarter valued at $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. increased its holdings in shares of 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 buying an additional 15,233 shares during the last quarter. Hedge funds and other 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.