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 - Get Free Report) was the target of a significant increase in short interest in 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. Approximately3.2% of the company's stock are sold short. Based on an average trading volume of 66,700 shares, the short-interest ratio is presently 13.7 days. Based on an average trading volume of 66,700 shares, the short-interest ratio is presently 13.7 days. Approximately3.2% of the company's stock are sold short.

Tile Shop Hldgs Price Performance

Shares of NASDAQ TTSH traded up $0.01 during mid-day trading on Tuesday, hitting $6.61. The company had a trading volume of 22,556 shares, compared to its average volume of 75,755. The company has a market capitalization of $295.67 million, a PE ratio of 330.67 and a beta of 0.94. Tile Shop Hldgs has a 1-year low of $4.62 and a 1-year high of $7.75. The business's 50-day simple moving average is $6.47 and its 200 day simple moving average is $6.50.

Hedge Funds Weigh In On Tile Shop Hldgs

Several large investors have recently bought and sold shares of TTSH. Deutsche Bank AG purchased a new position in shares of Tile Shop Hldgs during the fourth quarter worth about $80,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Tile Shop Hldgs during the fourth quarter worth about $83,000. MetLife Investment Management LLC grew its holdings in shares of Tile Shop Hldgs by 36.8% during the fourth quarter. MetLife Investment Management LLC now owns 14,601 shares of the company's stock worth $101,000 after purchasing an additional 3,926 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Tile Shop Hldgs by 34.1% during the fourth quarter. Wells Fargo & Company MN now owns 15,622 shares of the company's stock worth $108,000 after purchasing an additional 3,975 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Tile Shop Hldgs during the first quarter worth about $108,000. Hedge funds and other 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.