Interface Inc (NASDAQ:TILE) on Focus After Report of More Shorts

July 14, 2018 - By Tamara Reed

Interface, Inc. (NASDAQ:TILE) Logo

Investors sentiment decreased to 1.1 in Q1 2018. Its down 0.07, from 1.17 in 2017Q4. It turned negative, 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.
New York-based Bluemountain Management Limited Liability Corp has invested 0.02% in Interface, Inc. (NASDAQ:TILE). Wedge Cap Mgmt L Limited Partnership Nc reported 0.18% stake. Blackrock holds 0.01% of its portfolio in Interface, Inc. (NASDAQ:TILE) for 8.62M shares. First Mercantile accumulated 0.05% or 9,687 shares. Texas Permanent School Fund, a Texas-based fund reported 39,282 shares. Moreover, Nomura has 0% invested in Interface, Inc. (NASDAQ:TILE) for 84,842 shares. State Street has 1.60 million shares for 0% of their portfolio. Louisiana State Employees Retirement Systems stated it has 26,300 shares. Public Employees Retirement Association Of Colorado stated it has 13,582 shares or 0% of all its holdings. Millennium Ltd Liability holds 0.02% in Interface, Inc. (NASDAQ:TILE) or 617,687 shares. 140,353 were accumulated by Morgan Stanley. Mason Street Advsr Llc reported 0.01% in Interface, Inc. (NASDAQ:TILE). Manufacturers Life Ins The reported 310,954 shares stake. Ameriprise Fincl has invested 0% of its portfolio in Interface, Inc. (NASDAQ:TILE). State Of Alaska Department Of Revenue holds 0.01% of its portfolio in Interface, Inc. (NASDAQ:TILE) for 19,157 shares.

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. SunTrust maintained it with “Buy” rating and $29.0 target in Thursday, February 22 report. On Friday, February 23 the stock rating was maintained by Seaport Global with “Buy”. Stifel Nicolaus maintained Interface, Inc. (NASDAQ:TILE) rating on Thursday, February 22. Stifel Nicolaus has “Hold” rating and $25.0 target.

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

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