Interface (NASDAQ:TILE), According to the latest information the short interest in Interface, Inc. shot up by 2.4% or 31,406 shares. The final shorts are 2.1% of the total floated shares. The positions increased from 1,301,368 shares on May 31,2016 to 1,332,774 on June 15,2016. According to the per-day average trading of 685,284 shares, the days to cover are 2. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Interface (NASDAQ:TILE): The stock opened at $15.82 on Friday but the bulls could not build on the opening and the stock topped out at $15.86 for the day. The stock traded down to $14.95 during the day, due to lack of any buying support eventually closed down at $15.68 with a loss of -8.84% for the day. The stock had closed at $17.20 on the previous day. The total traded volume was 2,277,153 shares.
The company shares have dropped -37.25% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $27.17 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $16.81 and the 200 Day Moving Average price is recorded at $17.25.
Interface (NASDAQ:TILE) has tumbled 8.41% during the past week and has dropped 7.49% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 6.89%. Interface (NASDAQ:TILE) has underperformed the index by 4.69% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Interface Inc. is engaged in design, production and sales of modular carpet, also known as carpet tile across the world. The Company markets its modular carpets in over 110 countries under the brand names Interface and FLOR. The Companys revenues are derived from sales of floorcovering products, primarily modular carpet. The Company distributes its product through two primary channels: direct sales to end users and indirect sales through independent contractors or distributors. The Company sells an antimicrobial chemical compound under the trademark Intersept that the Company incorporates in all of its modular carpet products. The Company manufactures carpet at two locations in the United States and at facilities in the Netherlands, the United Kingdom, Thailand, China and Australia. The Companys principal geographic markets are the Americas, Europe and Asia-Pacific.