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

ToughBuilt Industries, Inc. (NASDAQ:TBLT) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 98,000 shares, an increase of 91.8% from the February 29th total of 51,100 shares. Based on an average daily trading volume, of 70,400 shares, the days-to-cover ratio is currently 1.4 days. Currently, 13.9% of the company’s stock are short sold.

ToughBuilt Industries Price Performance

Shares of TBLT remained flat at $2.98 on Thursday. 7,700 shares of the company traded hands, compared to its average volume of 73,664. ToughBuilt Industries has a 12 month low of $2.86 and a 12 month high of $79.95. The stock has a market cap of $1.88 million, a P/E ratio of -0.01 and a beta of 1.92. The firm has a 50 day simple moving average of $4.54 and a 200 day simple moving average of $9.07.

Institutional Trading of ToughBuilt Industries

A number of institutional investors and hedge funds have recently modified their holdings of TBLT. Renaissance Technologies LLC boosted its position in shares of ToughBuilt Industries by 387.3% during the first quarter. Renaissance Technologies LLC now owns 4,465,800 shares of the company’s stock valued at $779,000 after buying an additional 3,549,411 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of ToughBuilt Industries by 243.8% in the fourth quarter. GSA Capital Partners LLP now owns 89,083 shares of the company’s stock worth $208,000 after acquiring an additional 63,175 shares during the period. Geode Capital Management LLC purchased a new position in shares of ToughBuilt Industries during the fourth quarter valued at approximately $190,000. Citadel Advisors LLC bought a new position in ToughBuilt Industries during the second quarter valued at approximately $178,000. Finally, Millennium Management LLC boosted its holdings in ToughBuilt Industries by 265.0% in the second quarter. Millennium Management LLC now owns 61,390 shares of the company’s stock worth $137,000 after purchasing an additional 44,573 shares during the last quarter. Institutional investors own 20.57% of the company’s stock.

About ToughBuilt Industries

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.