Interface, Inc. (TILE) saw short interest decline 3.4% over the past week, falling to 3.79 million shares as the flooring manufacturer's stock climbed 4.2%. The stock closed at $28.27 on April 22, up 15.6% over the past month.
Short interest now stands at 6.5% of the free float, down from recent highs but still up 36.6% over the past month. This recent pullback suggests some bears are covering positions as the stock gains momentum. Cost to borrow rose 9.2% this week to 0.50%, indicating borrowing conditions remain relatively stable despite the retreat.
Utilization dropped to 5.8% from a 52-week high of 11.8% reached in late March. The low utilization and modest cost to borrow suggest ample shares remain available for shorting, giving bears room to re-establish positions if sentiment shifts.
Options traders maintained a cautious stance with a put-call ratio of 0.78 on April 21, slightly above the 20-day average of 0.73. The elevated PCR reflects persistent hedging demand even as the stock advances.
Interface's ORTEX Stock Score stands at 78.0, driven by strong momentum (72.9) and growth (72.8) scores. The company announced it will report first-quarter 2026 results on May 8. Barrington Research reaffirmed its "Outperform" rating on April 18.
The Office Services and Supplies sector member faces its earnings call this coming Sunday, April 27, with analysts watching to see if the company's recent price strength translates to fundamental improvements.
This is not financial advice. Data is subject to change.
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