Tile Shop Hldgs, Inc. (NASDAQ:TTSH) Short Interest Up 7,958.4% in July

Key Points

• Tile Shop Hldgs, Inc. experienced a dramatic increase in short interest of 7,958.4% in July, with total short shares rising from 11,300 to 910,600.
• The company's stock saw a slight increase of 0.2%, trading at $6.32, with a market capitalization of approximately $282.69 million.
• Institutional investors now hold 36.66% of Tile Shop Hldgs' stock, indicating growing institutional interest in the company.

Tile Shop Hldgs, Inc. (NASDAQ:TTSH - ) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 910,600 shares, anincreaseof7,958.4% from the June 30th total of 11,300 shares. Currently,3.2% of the company's shares are sold short. Based on an average daily volume of 66,700 shares, the days-to-cover ratio is currently 13.7 days. Based on an average daily volume of 66,700 shares, the days-to-cover ratio is currently 13.7 days. Currently,3.2% of the company's shares are sold short.

Tile Shop Hldgs Stock Up 0.2%

Shares of TTSH stock traded up $0.01 during mid-day trading on Friday, reaching $6.32. The company's stock had a trading volume of 50,139 shares, compared to its average volume of 76,282. The company's 50 day simple moving average is $6.44 and its 200-day simple moving average is $6.51. Tile Shop Hldgs has a 12-month low of $4.62 and a 12-month high of $7.75. The firm has a market capitalization of $282.69 million, a PE ratio of 316.16 and a beta of 1.07.

Institutional Investors Weigh In On Tile Shop Hldgs

Hedge funds and other institutional investors have recently modified their holdings of the stock. Deutsche Bank AG bought a new stake in shares of Tile Shop Hldgs in the 4th quarter worth about $80,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Tile Shop Hldgs in the 4th quarter valued at about $83,000. MetLife Investment Management LLC boosted its holdings in shares of Tile Shop Hldgs 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 period. Wells Fargo & Company MN boosted its holdings in shares of Tile Shop Hldgs by 34.1% in the 4th quarter. Wells Fargo & Company MN now owns 15,622 shares of the company's stock valued at $108,000 after buying an additional 3,975 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Tile Shop Hldgs in the 1st quarter valued at about $108,000. Institutional investors own 36.66% of the company's stock.

Tile Shop Hldgs 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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