Tandy Leather Factory, Inc. (NASDAQ:TLF) Short Interest Update

Tandy Leather Factory, Inc. (NASDAQ:TLF) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 15,072 shares, a decrease of 46.4% from the July 30th total of 28,118 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 36,174 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Tandy Leather Factory from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Tandy Leather Factory Trading Down 0.4%

TLF stock traded down $0.01 during trading on Monday, hitting $2.57. The company had a trading volume of 2,265 shares, compared to its average volume of 39,434. The business has a 50 day moving average of $2.43 and a 200 day moving average of $2.44. Tandy Leather Factory has a fifty-two week low of $2.20 and a fifty-two week high of $3.36. The firm has a market capitalization of $21.05 million, a price-to-earnings ratio of -15.12 and a beta of 0.47.

Tandy Leather Factory (NASDAQ:TLF) last issued its quarterly earnings results on Tuesday, August 11th. The textile maker reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). The business had revenue of $18.04 million during the quarter, compared to analyst estimates of $23.89 million. Tandy Leather Factory had a negative net margin of 2.14% and a negative return on equity of 3.31%.

Hedge Funds Weigh In On Tandy Leather Factory

A number of hedge funds have recently added to or reduced their stakes in TLF. George Kaiser Family Foundation acquired a new stake in shares of Tandy Leather Factory in the second quarter worth about $101,000. Values First Advisors Inc. increased its position in shares of Tandy Leather Factory by 35.8% during the 1st quarter. Values First Advisors Inc. now owns 57,792 shares of the textile maker’s stock worth $134,000 after purchasing an additional 15,233 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in Tandy Leather Factory in the second quarter worth $39,000. Institutional investors and hedge funds own 56.41% of the company’s stock.

Tandy Leather Factory Company Profile

Tandy Leather Factory, Inc engages in the distribution of leather and related products. It offers leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. It operates through North America and International geographical segments. The North America geographical segment consists of 115 stores, which offer a broad selection of products combined with leathercraft expertise in a one-stop shop. The International geographical segment comprises of similar to North America segment but generally located in light industrial areas.