Tandy Leather Factory, Inc. (NASDAQ:TLF) Shares Shorted: Short Interest Down 63.7% in October

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

Analyst Upgrades and Downgrades

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

Tandy Leather Factory Price Performance

Shares of NASDAQ:TLF opened at $2.20 on Friday. The business’s 50 day moving average price is $2.51 and its 200-day moving average price is $2.49. Tandy Leather Factory has a 1 year low of $2.09 and a 1 year high of $3.36. The firm has a market capitalization of $18.02 million, a price-to-earnings ratio of -12.94 and a beta of 0.59.

Tandy Leather Factory (NASDAQ:TLF) last issued its quarterly earnings results on Tuesday, August 11th. The textile maker reported $0.05 EPS 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 company had revenue of $18.04 million during the quarter, compared to analysts’ expectations of $23.89 million.

Institutional Trading of Tandy Leather Factory

A hedge fund recently bought a new position in Tandy Leather Factory stock. George Kaiser Family Foundation purchased a new stake in Tandy Leather Factory, Inc. (NASDAQ:TLF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 filing with the Securities and Exchange Commission (SEC). 56.41% of the stock is owned by institutional investors and hedge funds.

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.