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

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

ToughBuilt Industries Trading Up 11.5 %

Shares of NASDAQ TBLT traded up $0.52 during midday trading on Thursday, reaching $5.04. The company had a trading volume of 121,710 shares, compared to its average volume of 121,228. The business’s 50-day simple moving average is $3.43 and its 200 day simple moving average is $4.34. The stock has a market cap of $3.20 million, a P/E ratio of -0.02 and a beta of 2.23. ToughBuilt Industries has a 1 year low of $2.12 and a 1 year high of $25.93.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ToughBuilt Industries stock. FNY Investment Advisers LLC bought a new position in shares of 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 (SEC). The firm bought 160,000 shares of the company’s stock, valued at approximately $25,000. FNY Investment Advisers LLC owned about 28.07% of ToughBuilt Industries at the end of the most recent reporting period. Institutional investors and hedge funds own 20.57% of the company’s stock.

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.