Tandy Leather Factory (TLFA) Short Interest Ratio & Short Volume

Short interest is the volume of Tandy Leather Factory shares that have been sold short but have not yet been closed out or covered. As of August 31st, investors have sold 37,400 shares of TLFA short. Learn More on Tandy Leather Factory's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. TLFA shares currently have a short interest ratio of 12.0. Learn More on Tandy Leather Factory's short interest ratio.

Tandy Leather Factory saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 37,400 shares, a drop of 1.1% from the previous total of 37,800 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "retail/wholesale" compare to Tandy Leather Factory: TH International Limited (0.88%), Treasure Global Inc. (14.68%), Rent the Runway, Inc. (23.50%), Flanigan's Enterprises, Inc. (0.59%), Fossil Group, Inc. (10.63%), Ark Restaurants Corp. (0.87%), Lulu's Fashion Lounge Holdings, Inc. (1.73%), LL Flooring Holdings, Inc. (4.16%), Hour Loop, Inc. (1.89%), Birks Group Inc. (1.07%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($4.91 billion), Charter Communications, Inc. ($3.53 billion), Suncor Energy Inc. ($2.26 billion), T. Rowe Price Group, Inc. ($2.01 billion), Chesapeake Energy Co. ($1.92 billion), Lucid Group, Inc. ($1.84 billion), Plug Power Inc. ($1.81 billion), Williams-Sonoma, Inc. ($1.66 billion), Coinbase Global, Inc. ($1.64 billion), and Lumen Technologies, Inc. ($1.50 billion). View all of the most shorted stocks.

Short selling TLFA is an investing strategy that aims to generate trading profit from Tandy Leather Factory as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Tandy Leather Factory occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of TLFA, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including TLFA, twice per month. The most recent reporting period available is August, 31 2022.