ToughBuilt Industries, Inc. (NASDAQ:TBLT) Short Interest Update

ToughBuilt Industries, Inc. (NASDAQ:TBLT) saw a significant drop in short interest in June. As of June 15th, there was short interest totalling 120,500 shares, a drop of 14.5% from the May 31st total of 141,000 shares. Based on an average trading volume of 164,100 shares, the short-interest ratio is presently 0.7 days. Currently, 17.1% of the company’s stock are sold short.

ToughBuilt Industries Stock Up 2.8 %

Shares of TBLT opened at $5.20 on Monday. The company has a market capitalization of $3.30 million, a P/E ratio of -0.03 and a beta of 1.97. The firm has a 50 day moving average of $3.06 and a 200 day moving average of $4.61. ToughBuilt Industries has a twelve month low of $2.12 and a twelve month high of $25.93.

Institutional Investors Weigh In On ToughBuilt Industries

A hedge fund recently bought a new stake in ToughBuilt Industries stock. Sabby Management LLC purchased a new position in ToughBuilt Industries, Inc. (NASDAQ:TBLT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,521,296 shares of the company’s stock, valued at approximately $297,000. ToughBuilt Industries comprises 0.2% of Sabby Management LLC’s holdings, making the stock its 19th largest position. Sabby Management LLC owned approximately 4.30% of ToughBuilt Industries as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors 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.