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

ToughBuilt Industries, Inc. (NASDAQ:TBLT) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 80,400 shares, a drop of 16.6% from the March 31st total of 96,400 shares. Based on an average daily trading volume, of 101,200 shares, the short-interest ratio is currently 0.8 days. Approximately 11.4% 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 acquired a new position in ToughBuilt Industries, Inc. (NASDAQ:TBLT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 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 own 20.57% of the company’s stock.

ToughBuilt Industries Trading Down 2.4 %

ToughBuilt Industries stock opened at $2.46 on Friday. The stock has a market cap of $1.55 million, a price-to-earnings ratio of -0.01 and a beta of 1.90. The company’s 50-day moving average price is $3.09 and its two-hundred day moving average price is $7.36. ToughBuilt Industries has a 52 week low of $2.12 and a 52 week high of $70.85.

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.