Today’s Short Interest: Could Interface Incorporated (NASDAQ:TILE) Go Up After Its Newest Short Interest Report?

November 17, 2016 - By kentuckypostne   ·   0 Comments

Today's Short Interest: Could Interface Incorporated (NASDAQ:TILE) Go Up After Its Newest Short Interest Report?

The stock of Interface Incorporated (NASDAQ:TILE) registered an increase of 14.11% in short interest. TILE’s total short interest was 946,000 shares in November as published by FINRA. Its up 14.11% from 829,000 shares, reported previously. With 340,000 shares average volume, it will take short sellers 3 days to cover their TILE’s short positions. The short interest to Interface Incorporated’s float is 1.49%. About 370,170 shares traded hands. Interface, Inc. (NASDAQ:TILE) has declined 2.54% since April 15, 2016 and is downtrending. It has underperformed by 7.16% the S&P500.

Interface Inc. is engaged in design, production and sales of modular carpet, also known as carpet tile across the world. The company has a market cap of $1.16 billion. The Firm markets its modular carpets in over 110 countries under the brand names Interface and FLOR. It has a 17.38 P/E ratio. The Firm distributes its product through approximately two primary channels, including direct sales to end users and indirect sales through independent contractors or distributors.

Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.08, from 1.07 in 2016Q1. The ratio dropped, as 21 funds sold all Interface, Inc. shares owned while 61 reduced positions. 24 funds bought stakes while 57 increased positions. They now own 58.27 million shares or 1.08% less from 58.90 million shares in 2016Q1.
Credit Suisse Ag has 64,913 shares for 0% of their US portfolio. New York State Common Retirement Fund has invested 0% of its portfolio in Interface, Inc. (NASDAQ:TILE). Texas Permanent School Fund accumulated 50,060 shares or 0.01% of the stock. Walleye Trading Limited Liability Company accumulated 0% or 800 shares. Walthausen Limited Liability Corporation, a New York-based fund reported 432,170 shares. Ridgeworth Ltd Liability Company last reported 368,806 shares in the company. Moreover, Prudential has 0% invested in Interface, Inc. (NASDAQ:TILE) for 162,684 shares. California Pub Employees Retirement System reported 220,900 shares or 0.01% of all its holdings. Gemmer Asset Management Ltd owns 178 shares or 0% of their US portfolio. Millennium Mgmt has 73,796 shares for 0% of their US portfolio. Point72 Asset Limited Partnership holds 413,400 shares or 0.04% of its portfolio. Penn Mngmt, a Pennsylvania-based fund reported 478,799 shares. Arizona State Retirement System has 33,953 shares for 0.01% of their US portfolio. Macquarie Gp Ltd holds 0% of its portfolio in Interface, Inc. (NASDAQ:TILE) for 123,800 shares. Pinebridge Invests Limited Partnership accumulated 0.01% or 8,303 shares.

Insider Transactions: Since June 6, 2016, the stock had 1 insider buy, and 9 selling transactions for $766,523 net activity. Another trade for 10,000 shares valued at $147,600 was bought by Gould Jay. HENDRIX DANIEL T sold $53,100 worth of stock. Another trade for 23,007 shares valued at $392,845 was made by WILLOCH RAYMOND S on Thursday, August 18. $81,000 worth of Interface, Inc. (NASDAQ:TILE) was sold by LYNCH PATRICK C on Thursday, July 28. Shares for $137,188 were sold by Nigel Stansfield.

Interface, Inc. (NASDAQ:TILE) Ratings Coverage

Out of 4 analysts covering Interface (NASDAQ:TILE), 1 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 25% are positive. Interface has been the topic of 7 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Friday, October 30 the stock rating was upgraded by Stifel Nicolaus to “Buy”. Barclays Capital downgraded Interface, Inc. (NASDAQ:TILE) rating on Thursday, April 7. Barclays Capital has “Underweight” rating and $17 price target. Stifel Nicolaus downgraded Interface, Inc. (NASDAQ:TILE) on Wednesday, April 27 to “Hold” rating. Raymond James downgraded the shares of TILE in a report on Friday, June 24 to “Underperform” rating. The rating was initiated by Seaport Global Securities on Friday, November 4 with “Buy”. The company was maintained on Friday, July 31 by Barclays Capital. The firm earned “Equal-Weight” rating on Thursday, February 25 by Barclays Capital.

TILE Company Profile

Interface Inc., incorporated on August 28, 1981, is engaged in design, production and sales of modular carpet, also known as carpet tile across the world. The Firm markets its modular carpets in over 110 countries under the brand names Interface and FLOR. The Firm distributes its product through approximately two primary channels, including direct sales to end users and indirect sales through independent contractors or distributors. The Firm makes carpet at over two locations in the United States and at facilities in the Netherlands, the United Kingdom, Thailand, China and Australia. The Company’s principal geographic markets are the United States, Europe and Asia-Pacific.

More recent Interface, Inc. (NASDAQ:TILE) news were published by: Fool.com which released: “Why Interface Inc. Stock Dropped Today” on June 24, 2016. Also Prnewswire.com published the news titled: “Interface Announces New GreenCircle Certified Environmental Facts Labels” on October 03, 2016. Prnewswire.com‘s news article titled: “Interface to Relocate Global Headquarters to Midtown Atlanta” with publication date: September 21, 2016 was also an interesting one.

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