Short Interest Change: Could Tile Shop Holdings Incorporated (NASDAQ:TTS) See a Reversal After More Sellers Came In?

November 18, 2016 - By Richard Conner   ·   0 Comments

Short Interest Change: Could Tile Shop Holdings Incorporated (NASDAQ:TTS) See a Reversal After More Sellers Came In?

The stock of Tile Shop Holdings Incorporated (NASDAQ:TTS) registered an increase of 11.08% in short interest. TTS’s total short interest was 3.97M shares in November as published by FINRA. Its up 11.08% from 3.57M shares, reported previously. With 429,900 shares average volume, it will take short sellers 9 days to cover their TTS’s short positions. The short interest to Tile Shop Holdings Incorporated’s float is 12%. About 11,171 shares traded hands. Tile Shop Hldgs, Inc. (NASDAQ:TTS) has risen 20.38% since April 18, 2016 and is uptrending. It has outperformed by 15.95% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 1.14 in 2016 Q2. Its down 0.56, from 1.7 in 2016Q1. The ratio is negative, as 16 funds sold all Tile Shop Hldgs, Inc. shares owned while 34 reduced positions. 34 funds bought stakes while 51 increased positions. They now own 32.87 million shares or 2.08% more from 32.20 million shares in 2016Q1.
The New York-based Spark Management Limited Liability has invested 0.25% in Tile Shop Hldgs, Inc. (NASDAQ:TTS). Old Mutual Glob Investors (Uk) accumulated 8,644 shares or 0% of the stock. Goldman Sachs Gru has invested 0% of its portfolio in Tile Shop Hldgs, Inc. (NASDAQ:TTS). The Pennsylvania-based Emerald Advisers Pa has invested 0.59% in Tile Shop Hldgs, Inc. (NASDAQ:TTS). The New York-based Renaissance Techs Limited Liability Co has invested 0.02% in Tile Shop Hldgs, Inc. (NASDAQ:TTS). Da Davidson And last reported 3,429 shares in the company. Reilly Ltd Llc holds 0% of its portfolio in Tile Shop Hldgs, Inc. (NASDAQ:TTS) for 600 shares. Aqr Management Ltd Llc last reported 0% of its portfolio in the stock. Moreover, Panagora Asset Mngmt has 0% invested in Tile Shop Hldgs, Inc. (NASDAQ:TTS) for 15,542 shares. Tudor Inv Corp Et Al last reported 20,200 shares in the company. Franklin Resources Inc has invested 0.02% of its portfolio in Tile Shop Hldgs, Inc. (NASDAQ:TTS). Principal Group last reported 529,570 shares in the company. Acadian Asset Limited Liability last reported 0% of its portfolio in the stock. Blackrock Fund, a California-based fund reported 1.32M shares. Great West Life Assurance Can holds 0% of its portfolio in Tile Shop Hldgs, Inc. (NASDAQ:TTS) for 1,909 shares.

Insider Transactions: Since June 2, 2016, the stock had 1 buy, and 8 sales for $3.73 million net activity. Another trade for 10,000 shares valued at $171,389 was made by KRASNOW TODD on Thursday, July 28. Another trade for 30,000 shares valued at $524,700 was sold by Watts William E. On Thursday, June 2 the insider RANDAZZO CARL sold $110,904. 50,000 shares were sold by RUCKER ROBERT A, worth $990,500. LIVINGSTON PHILIP B had bought 4,920 shares worth $83,512.

Tile Shop Hldgs, Inc. (NASDAQ:TTS) Ratings Coverage

Out of 4 analysts covering Tile Shop Hldgs (NASDAQ:TTS), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Tile Shop Hldgs has been the topic of 7 analyst reports since August 22, 2015 according to StockzIntelligence Inc. On Tuesday, September 22 the stock rating was upgraded by Zacks to “Hold”. The company was maintained on Thursday, September 3 by Piper Jaffray. The firm has “Neutral” rating given on Tuesday, July 19 by Citigroup. The firm earned “Sell” rating on Thursday, September 3 by Zacks. The firm has “Outperform” rating given on Wednesday, April 6 by Northland Capital. The rating was upgraded by Zacks on Saturday, August 22 to “Sell”. Citigroup maintained the stock with “Neutral” rating in Tuesday, August 23 report.

TTS Company Profile

Tile Shop Holdings, Inc., incorporated on June 21, 2012, is a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. The Company’s product portfolio includes over 4,000 products from around the world that consists of ceramic, porcelain, glass and metal tiles. The Company’s natural stone products include marble, granite, quartz, sandstone, travertine, slate and onyx tiles. The Company’s tile products are sold under its Rush River and Fired Earth brands. The Firm makes its own setting and maintenance materials, such as thinset, grout and sealers, under its Superior brand name. The Firm also sells its products on its Website.

More notable recent Tile Shop Hldgs, Inc. (NASDAQ:TTS) news were published by: Bizjournals.com which released: “CFO of the Year: Kirk Geadelmann | Tile Shop Holdings Inc.” on November 18, 2016, also Fool.com with their article: “Tile Shop Hldgs, Inc. Delivers Double-Digit Growth Again, but Is There a …” published on July 19, 2016, Fool.com published: “Tile Shop Hldgs, Inc. Continues Driving Sales Up, Debt Down” on October 19, 2016. More interesting news about Tile Shop Hldgs, Inc. (NASDAQ:TTS) were released by: Fool.com and their article: “Tile Shop Holdings, Inc. Delivers a Solid First Year Under New CEO” published on February 17, 2016 as well as Fool.com‘s news article titled: “Tile Shop Hldgs, Inc. Continues Delivering Big Sales, Profit Growth” with publication date: April 23, 2016.

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By Richard Conner


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