Short Interest in Tile Shop Holdings, Inc. (NASDAQ:TTSH) Grows By 20.8%

Tile Shop Holdings, Inc. (NASDAQ:TTSH - Get Free Report) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 879,900 shares, a growth of 20.8% from the March 31st total of 728,500 shares. Approximately 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 85,800 shares, the days-to-cover ratio is presently 10.3 days.

Institutional Investors Weigh In On Tile Shop

Several hedge funds have recently bought and sold shares of the stock. Fund 1 Investments LLC lifted its stake in shares of Tile Shop by 26.1% in the 4th quarter. Fund 1 Investments LLC now owns 11,227,208 shares of the company's stock valued at $77,805,000 after purchasing an additional 2,321,865 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Tile Shop by 67.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,948,821 shares of the company's stock worth $13,505,000 after acquiring an additional 783,429 shares in the last quarter. Orvieto Partners L.P. acquired a new stake in shares of Tile Shop during the 4th quarter valued at about $5,136,000. Cannell Capital LLC increased its stake in shares of Tile Shop by 57.3% in the 4th quarter. Cannell Capital LLC now owns 255,507 shares of the company's stock valued at $1,771,000 after purchasing an additional 93,116 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Tile Shop by 86.9% in the 4th quarter. JPMorgan Chase & Co. now owns 101,948 shares of the company's stock worth $706,000 after purchasing an additional 47,390 shares during the period. Hedge funds and other institutional investors own 36.66% of the company's stock.

Tile Shop Trading Up 11.9 %

Shares of TTSH stock traded up $0.65 during trading hours on Thursday, hitting $6.05. The company's stock had a trading volume of 102,322 shares, compared to its average volume of 90,214. The company has a 50 day moving average of $6.07 and a 200 day moving average of $6.65. Tile Shop has a 12-month low of $4.65 and a 12-month high of $7.75. The stock has a market cap of $270.39 million, a PE ratio of 75.57 and a beta of 1.11.

Tile Shop (NASDAQ:TTSH - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.01) earnings per share for the quarter. Tile Shop had a return on equity of 2.94% and a net margin of 1.02%. The company had revenue of $79.45 million for the quarter.

Tile Shop Company Profile

Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. The company offers natural stone products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and man-made products, comprises ceramic, porcelain, glass, cement, wood look, and metal and luxury vinyl tile.