Shorts On Watch: Could Turning Point Brands Incorporated (NYSE:TPB) Skyrocket? The Stock Has Too Many Sellers

November 18, 2016 - By Vivian Park   ·   0 Comments

Shorts On Watch: Could Turning Point Brands Incorporated (NYSE:TPB) Skyrocket? The Stock Has Too Many Sellers

The stock of Turning Point Brands Incorporated (NYSE:TPB) registered an increase of 1.42% in short interest. TPB’s total short interest was 150,000 shares in November as published by FINRA. Its up 1.42% from 147,900 shares, reported previously. With 48,800 shares average volume, it will take short sellers 3 days to cover their TPB’s short positions. The short interest to Turning Point Brands Incorporated’s float is 5.58%. The stock decreased 7.76% or $1.05 on November 17, hitting $12.48. Turning Point Brands Inc (NYSE:TPB) has risen 6.00% since October 19, 2016 and is uptrending. It has outperformed by 1.57% the S&P500.

Turning Point Brands, Inc., formerly North Atlantic Holding Company, Inc., is a well-known provider of Other Tobacco Products in the United States. The company has a market cap of $205.24 million. The Firm operates through three divisions: smokeless products, smoking products and NewGen products. It has a 22.27 P/E ratio. The Smokeless products market consists of approximately four product categories, which includes loose leaf chewing tobacco, Moist Snuff, Moist Snuff Pouches and Snus.

TPB Company Profile

Turning Point Brands, Inc., formerly North Atlantic Holding Company, Inc., is a well-known provider of Other Tobacco Products (OTP) in the United States. The Firm sells a range of products across the OTP spectrum, including moist snuff, loose leaf chewing tobacco, premium cigarette papers, make-your-own (MYO) cigar wraps and cigar smoking tobacco, cigars, liquid vapor products and tobacco vaporizer products. The Company’s portfolio of brands includes Zig-Zag, Beech-Nut, Stoker’s, Trophy, Havana Blossom, Durango, Our Pride and Red Cap. The Firm operates through three divisions: smokeless products, smoking products and NewGen products.

More important recent Turning Point Brands Inc (NYSE:TPB) news were published by: Streetinsider.com which released: “Turning Point Brands, Inc. (TPB) to Acquire VaporBeast in $27M Deal” on November 17, 2016, also Businesswire.com published article titled: “Turning Point Brands, Inc. Announces Third Quarter and Nine-Month 2016 Results”, Businesswire.com published: “Turning Point Brands, Inc. Announces First Quarter 2016 Results” on June 15, 2016. More interesting news about Turning Point Brands Inc (NYSE:TPB) was released by: Businesswire.com and their article: “Turning Point Brands, Inc. Announces Second Quarter and First Half 2016 Results” with publication date: August 11, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Vivian Park


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>