ToughBuilt Industries, Inc. (NASDAQ:TBLT) Short Interest Up 42.9% in May

ToughBuilt Industries, Inc. (NASDAQ:TBLTGet Free Report) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 141,000 shares, an increase of 42.9% from the May 15th total of 98,700 shares. Approximately 20.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 77,100 shares, the short-interest ratio is currently 1.8 days.

ToughBuilt Industries Stock Down 3.0 %

NASDAQ TBLT traded down $0.09 during trading on Friday, hitting $2.92. 84,879 shares of the stock traded hands, compared to its average volume of 77,809. The firm has a 50-day simple moving average of $2.68 and a 200-day simple moving average of $5.24. ToughBuilt Industries has a 12-month low of $2.12 and a 12-month high of $53.95. The company has a market capitalization of $1.84 million, a P/E ratio of -0.02 and a beta of 1.97.

Institutional Investors Weigh In On ToughBuilt Industries

An institutional investor recently bought a new position in ToughBuilt Industries stock. FNY Investment Advisers LLC purchased a new position in ToughBuilt Industries, Inc. (NASDAQ:TBLTFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 160,000 shares of the company’s stock, valued at approximately $25,000. FNY Investment Advisers LLC owned about 28.07% of ToughBuilt Industries as of its most recent SEC filing. 20.57% of the stock is owned by institutional investors.

ToughBuilt Industries Company Profile

(Get Free Report)

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.

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