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

Tile Shop Holdings, Inc. (NASDAQ:TTSH - Get Free Report) was the target of a large growth in short interest in 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. Currently, 3.1% of the company's stock are sold short. Based on an average daily volume of 85,800 shares, the short-interest ratio is currently 10.3 days.

Tile Shop Stock Performance

NASDAQ TTSH traded up $0.08 during trading hours on Friday, reaching $5.66. 52,211 shares of the company's stock were exchanged, compared to its average volume of 89,017. The company has a market capitalization of $253.17 million, a price-to-earnings ratio of 70.76 and a beta of 1.16. The company's 50-day moving average is $6.22 and its two-hundred day moving average is $6.68. Tile Shop has a one year low of $5.15 and a one year high of $7.75.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Deutsche Bank AG acquired a new position in Tile Shop during the 4th quarter worth approximately $80,000. Price T Rowe Associates Inc. MD acquired a new position in Tile Shop during the fourth quarter worth $83,000. SG Americas Securities LLC bought a new position in Tile Shop in the fourth quarter valued at $86,000. MetLife Investment Management LLC increased its stake in Tile Shop by 36.8% in the 4th quarter. MetLife Investment Management LLC now owns 14,601 shares of the company's stock valued at $101,000 after buying an additional 3,926 shares during the last quarter. Finally, Purkiss Capital Advisors LLC bought a new stake in Tile Shop during the 4th quarter worth about $103,000. 36.66% of the stock is owned by institutional investors and hedge funds.

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.

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