Tile Shop Holdings, Inc. (NASDAQ:TTSH) Short Interest Down 21.9% in March

Tile Shop Holdings, Inc. (NASDAQ:TTSH) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 280,400 shares, a decline of 21.9% from the March 15th total of 359,200 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 136,500 shares, the days-to-cover ratio is presently 2.1 days.

Tile Shop Stock Performance

Shares of TTSH stock opened at $6.93 on Monday. Tile Shop has a fifty-two week low of $4.07 and a fifty-two week high of $7.67. The company has a market cap of $308.45 million, a PE ratio of 30.13 and a beta of 1.39. The stock’s fifty day moving average price is $6.76 and its two-hundred day moving average price is $6.43.

Tile Shop (NASDAQ:TTSH) last released its earnings results on Thursday, February 29th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $84.46 million for the quarter. Tile Shop had a return on equity of 8.64% and a net margin of 2.67%.

Insider Activity

In other news, major shareholder Fund 1 Investments, Llc purchased 65,000 shares of Tile Shop stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average price of $6.31 per share, for a total transaction of $410,150.00. Following the transaction, the insider now owns 5,380,271 shares of the company’s stock, valued at approximately $33,949,510.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders bought 1,212,447 shares of company stock worth $8,210,457. 36.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tile Shop

A number of institutional investors have recently added to or reduced their stakes in TTSH. Allspring Global Investments Holdings LLC acquired a new stake in Tile Shop in the third quarter valued at approximately $25,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Tile Shop in the 3rd quarter valued at $33,000. Prudential Financial Inc. acquired a new stake in shares of Tile Shop during the 2nd quarter valued at $35,000. Gladius Capital Management LP bought a new stake in Tile Shop during the 4th quarter worth $38,000. Finally, Virtu Financial LLC acquired a new position in Tile Shop in the 2nd quarter worth about $39,000. 36.66% of the stock is currently owned by institutional investors and hedge funds.

About Tile Shop

Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. The company offers natural stone products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and man-made products, comprises ceramic, porcelain, glass, cement, wood look, and metal and luxury vinyl tile.