ToughBuilt Industries, Inc. (NASDAQ:TBLT) Sees Large Increase in Short Interest

ToughBuilt Industries, Inc. (NASDAQ:TBLT) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 304,000 shares, a growth of 152.3% from the June 15th total of 120,500 shares. Based on an average trading volume of 167,500 shares, the short-interest ratio is presently 1.8 days. Approximately 43.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On ToughBuilt Industries

An institutional investor recently bought a new position in ToughBuilt Industries stock. FNY Investment Advisers LLC purchased a new stake in ToughBuilt Industries, Inc. (NASDAQ:TBLT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 160,000 shares of the company’s stock, valued at approximately $25,000. FNY Investment Advisers LLC owned 28.07% of ToughBuilt Industries as of its most recent SEC filing. Institutional investors and hedge funds own 20.57% of the company’s stock.

ToughBuilt Industries Price Performance

Shares of NASDAQ:TBLT traded down $0.13 during trading on Friday, reaching $4.91. The stock had a trading volume of 47,420 shares, compared to its average volume of 356,984. The business’s 50-day moving average price is $3.48 and its 200 day moving average price is $4.26. The stock has a market capitalization of $3.09 million, a PE ratio of -0.02 and a beta of 2.23. ToughBuilt Industries has a 52 week low of $2.12 and a 52 week high of $25.93.

ToughBuilt Industries Company Profile

ToughBuilt Industries, Inc engages in design, development, manufacture, and distribution of home improvement and construction products for the building industry in the United States and internationally. It offers tool pouches, tool rigs, tool belts and accessories, tools bags, totes, various storage solutions, and office organizers/bags for laptop/tablet/cellphones, etc.; and kneepads.