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

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

ToughBuilt Industries Stock Up 2.8 %

Shares of ToughBuilt Industries stock opened at $5.20 on Friday. ToughBuilt Industries has a 52-week low of $2.12 and a 52-week high of $25.93. The company has a 50-day simple moving average of $3.06 and a two-hundred day simple moving average of $4.64.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ToughBuilt Industries stock. FNY Investment Advisers LLC bought a new position in ToughBuilt Industries, Inc. (NASDAQ:TBLT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 160,000 shares of the company’s stock, valued at approximately $25,000. FNY Investment Advisers LLC owned about 28.07% of ToughBuilt Industries as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.