What’s Ahead for Interface Inc (NASDAQ:TILE) After More Shorted Shares?

July 14, 2018 - By Winifred Garcia

Interface, Inc. (NASDAQ:TILE) Logo

Investors sentiment decreased to 1.1 in 2018 Q1. Its down 0.07, from 1.17 in 2017Q4. It worsened, as 13 investors sold Interface, Inc. shares while 65 reduced holdings. 31 funds opened positions while 55 raised stakes. 50.91 million shares or 2.23% less from 52.07 million shares in 2017Q4 were reported.
Bessemer Gp has invested 0% in Interface, Inc. (NASDAQ:TILE). 108,646 were accumulated by Kbc Gru Nv. 1,075 were accumulated by Pnc Fincl Svcs. Hsbc Public Limited Company accumulated 15,972 shares. California State Teachers Retirement System holds 0% in Interface, Inc. (NASDAQ:TILE) or 90,958 shares. Aperio Ltd Co, a California-based fund reported 68,445 shares. Crow Point Prtn Lc has 0.01% invested in Interface, Inc. (NASDAQ:TILE). Glenmede Na reported 0% stake. State Of Tennessee Treasury Department invested 0.01% of its portfolio in Interface, Inc. (NASDAQ:TILE). Laurion Capital Management L P stated it has 0% of its portfolio in Interface, Inc. (NASDAQ:TILE). Thompson Davis & invested in 0.04% or 625 shares. Citadel Advsrs Limited Liability Company, Illinois-based fund reported 68,368 shares. Mason Street Advisors Ltd holds 0.01% of its portfolio in Interface, Inc. (NASDAQ:TILE) for 16,461 shares. Moreover, Parkside Savings Bank has 0% invested in Interface, Inc. (NASDAQ:TILE) for 50 shares. Alliancebernstein L P holds 0% or 93,909 shares in its portfolio.

The stock of Interface Inc (NASDAQ:TILE) registered an increase of 15.91% in short interest. TILE’s total short interest was 814,400 shares in July as published by FINRA. Its up 15.91% from 702,600 shares, reported previously. With 424,800 shares average volume, it will take short sellers 2 days to cover their TILE’s short positions. The short interest to Interface Inc’s float is 1.38%.

It closed at $23.55 lastly. It is down 11.22% since July 14, 2017 and is uptrending. It has underperformed by 1.35% the S&P500.

Interface, Inc. designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company has market cap of $1.40 billion. It offers modular carpets under the Interface and FLOR brands; carpet tiles under the GlasBacRE brand name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; and luxury vinyl tile products. It has a 23.98 P/E ratio. The firm also provides an adapted version of its carpet tile for the healthcare facilities market; and two-meter roll goods that are structure-backed for use in education, healthcare, and government markets, as well as carpet replacement, installation, and maintenance services.

Interface, Inc. (NASDAQ:TILE) Ratings Coverage

Among 3 analysts covering Interface (NASDAQ:TILE), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Interface had 3 analyst reports since February 22, 2018 according to SRatingsIntel. The rating was maintained by SunTrust on Thursday, February 22 with “Buy”. The firm earned “Buy” rating on Friday, February 23 by Seaport Global. On Thursday, February 22 the stock rating was maintained by Stifel Nicolaus with “Hold”.

Interface, Inc. (NASDAQ:TILE) Institutional Positions Chart

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