A Reversal for Turning Point Brands Inc (NYSE:TPB) Is Not Near. The Stock Has Rise in Shorts

The stock of Turning Point Brands Inc (NYSE:TPB) registered an increase of 27.48% in short interest. TPB’s total short interest was 552,900 shares in March as published by FINRA. Its up 27.48% from 433,700 shares, reported previously. With 106,900 shares average volume, it will take short sellers 5 days to cover their TPB’s short positions. The short interest to Turning Point Brands Inc’s float is 6.39%.

The stock increased 2.42% or $1.14 during the last trading session, reaching $48.22. About 70,725 shares traded. Turning Point Brands, Inc. (NYSE:TPB) has risen 93.98% since March 12, 2018 and is uptrending. It has outperformed by 89.61% the S&P500.

Turning Point Brands, Inc., together with its subsidiaries, makes and markets smokeless and smoking tobacco products in the United States. The company has market cap of $943.03 million. It operates in three divisions: Smokeless Products, Smoking Products, and NewGen Products. It has a 37.67 P/E ratio. The Smokeless Products segment makes and markets moist snuff; and contracts for and markets loose leaf chewing tobacco products.

More notable recent Turning Point Brands, Inc. (NYSE:TPB) news were published by: Businesswire.com which released: “Standard Diversified Inc. Reports Financial Results for Its Second Quarter Ended June 30, 2018 – Business Wire” on August 10, 2018, also Bizjournals.com with their article: “Year in Review: How shares of Louisville’s public companies fared in 2017 – Louisville – Louisville Business First” published on January 02, 2018, Nasdaq.com published: “Turning Point Brands, Inc. (TPB) Ex-Dividend Date Scheduled for December 20, 2018 – Nasdaq” on December 19, 2018. More interesting news about Turning Point Brands, Inc. (NYSE:TPB) were released by: Seekingalpha.com and their article: “Standard Diversified Opportunities: High-Quality Assets At Discounted Price – Seeking Alpha” published on September 15, 2018 as well as Bizjournals.com‘s news article titled: “Turning Point Brands makes acquisition – Louisville Business First” with publication date: May 01, 2018.

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