HomesToLife Ltd (NASDAQ:HTLM) Sees Significant Decrease in Short Interest

HomesToLife Ltd (NASDAQ:HTLM) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 52,751 shares, a decline of 48.2% from the February 26th total of 101,805 shares. Based on an average daily trading volume, of 31,670 shares, the short-interest ratio is currently 1.7 days. Approximately 0.4% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e)” rating on shares of HomesToLife in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

HomesToLife Price Performance

Shares of HTLM traded down $0.04 during trading hours on Friday, hitting $1.79. 14,816 shares of the stock were exchanged, compared to its average volume of 21,364. HomesToLife has a fifty-two week low of $1.78 and a fifty-two week high of $4.19. The business has a 50-day moving average of $2.23 and a 200-day moving average of $2.77. The firm has a market capitalization of $26.30 million, a P/E ratio of 44.75 and a beta of -1.25.

HomesToLife (NASDAQ:HTLM) last released its earnings results on Monday, March 23rd. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $98.55 million during the quarter.

HomesToLife Company Profile

HomesToLife Ltd. engages in the retail of home furniture and sale of customized furniture solutions. Its products include leather and fabric upholstered furniture, case goods, and accessories. The company was founded by Yong Pin Phua and Yong Tat Phua in September 1989 and is headquartered in Singapore.