The number of ToughBuilt Industries, Inc. (NASDAQ:TBLT) shares shorted has climbed by 10,835 shares. When looking at a stock for a potential investment, you want to know what percentage of Wall Street is betting against you. That’s what short interest tells you. The most recent short interest data has been released for the December 31st settlement date, which shows a increase in total short interest for TBLT, to 28,135, a surge of 62.63% since December 14th. Average daily volume for ToughBuilt Industries, Inc. at the December 31st settlement jumped to 250,220, as compared to 50,854 at the December 14th report. That brought days to cover to 1, a 0% decrease from the 1 days to cover recorded at the prior short interest data release. Looking at the experts’ opinion for the TBLT stock we see that the average analyst recommendations at 0 suggests selling these shares.
By watching the trading activity of corporate insiders, it will become easier to get a sense of ToughBuilt Industries, Inc. (NASDAQ:TBLT)’s prospects.
The shares are currently floating around the first support level of $1.5. Below this, the next support is placed in the zone of $1.26. Till the time, the TBLT stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 0 on daily chart, which may remain a cause for comfort. If the price breaks below $1.26 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $2.03 mark may result into a pull-back move towards $2.32 level.
TBLT shares accumulated 0.56 points or 47.45 percent on Friday to $1.74 with a light trade volume of 5.211 million shares. After opening the session at $1.64, the shares went as high as $2.08 and as low as $1.55, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $17.18 million and now has 9.87 million shares outstanding. ToughBuilt Industries, Inc. (TBLT) stock has lost -41.81 percent of market value in 21 trading days.
TBLT stock has a trailing 3-year beta of 0, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$2.29 a share in the trailing twelve months. The stock’s value has surged 48.72 percent year to date (YTD) against a decline of 0 percent in 12 month’s time. The company’s shares still trade -61.33 percent away from its 1-year high of $4.50 and 112.2 percent up from 52-week low of $0.82. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.
Shares of ToughBuilt Industries, Inc. (TBLT) are sporting a 1.05 on the Price-to-Sales ratio.