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

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

Analyst Ratings Changes

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

Institutional Trading of Tandy Leather Factory

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC purchased a new stake in Tandy Leather Factory during the 2nd quarter worth about $39,000. George Kaiser Family Foundation purchased a new position in Tandy Leather Factory during the 2nd quarter valued at about $101,000. Finally, Values First Advisors Inc. increased its position in shares of Tandy Leather Factory by 35.8% during the first quarter. Values First Advisors Inc. now owns 57,792 shares of the textile maker’s stock valued at $134,000 after buying an additional 15,233 shares during the period. 56.41% of the stock is currently owned by institutional investors.

Tandy Leather Factory Trading Down 2.6%

Shares of TLF stock opened at $2.58 on Friday. The firm’s 50 day moving average is $2.43 and its 200 day moving average is $2.44. The stock has a market capitalization of $21.13 million, a P/E ratio of -15.18 and a beta of 0.47. 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 released its quarterly earnings data on Tuesday, August 11th. The textile maker reported $0.05 earnings per share 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 analysts’ expectations of $23.89 million. Tandy Leather Factory had a negative net margin of 2.14% and a negative return on equity of 3.31%.

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.