Short Interest in Tile Shop Holdings, Inc. (NASDAQ:TTSH) Rises By 23.7%

Tile Shop Holdings, Inc. (NASDAQ:TTSH) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 559,200 shares, an increase of 23.7% from the June 15th total of 451,900 shares. Approximately 2.2% of the company’s stock are sold short. Based on an average daily trading volume, of 93,100 shares, the short-interest ratio is currently 6.0 days.

Insider Transactions at Tile Shop

In other news, major shareholder Fund 1 Investments, Llc bought 77,917 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were purchased at an average price of $6.20 per share, for a total transaction of $483,085.40. Following the completion of the purchase, the insider now owns 6,217,364 shares in the company, valued at approximately $38,547,656.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have bought 1,019,166 shares of company stock worth $6,794,744. Corporate insiders own 36.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Fund 1 Investments LLC raised its position in shares of Tile Shop by 13.9% during the 4th quarter. Fund 1 Investments LLC now owns 5,100,446 shares of the company’s stock valued at $37,539,000 after purchasing an additional 620,899 shares during the period. Vanguard Group Inc. boosted its stake in shares of Tile Shop by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,298,881 shares of the company’s stock worth $9,131,000 after purchasing an additional 10,062 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Tile Shop by 8.5% during the 1st quarter. First Eagle Investment Management LLC now owns 373,484 shares of the company’s stock worth $2,626,000 after purchasing an additional 29,400 shares during the period. Hillsdale Investment Management Inc. bought a new stake in Tile Shop during the 1st quarter valued at about $2,417,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Tile Shop by 5.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 140,548 shares of the company’s stock valued at $988,000 after buying an additional 7,268 shares in the last quarter. 36.66% of the stock is currently owned by institutional investors.

Tile Shop Stock Down 0.6 %

Shares of NASDAQ TTSH traded down $0.04 during midday trading on Friday, hitting $7.20. The stock had a trading volume of 164,367 shares, compared to its average volume of 119,559. The company has a market cap of $320.62 million, a P/E ratio of 34.29 and a beta of 1.43. The business’s 50 day moving average is $6.73 and its 200-day moving average is $6.76. Tile Shop has a 52 week low of $4.33 and a 52 week high of $7.67.

Tile Shop (NASDAQ:TTSH) last issued its earnings results on Thursday, May 9th. The company reported $0.04 earnings per share (EPS) for the quarter. Tile Shop had a net margin of 2.52% and a return on equity of 7.77%. The company had revenue of $91.73 million for the quarter.

About Tile Shop

Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. The company offers natural stone products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and man-made products, comprises ceramic, porcelain, glass, cement, wood look, and metal and luxury vinyl tile.