A Reversal for Turning Point Brands Inc (NYSE:TPB) Is Near. The Stock Has Decrease in Shorts

October 13, 2018 - By Adrian Erickson

The stock of Turning Point Brands Inc (NYSE:TPB) registered a decrease of 12.54% in short interest. TPB’s total short interest was 201,500 shares in October as published by FINRA. Its down 12.54% from 230,400 shares, reported previously. With 62,300 shares average volume, it will take short sellers 3 days to cover their TPB’s short positions. The short interest to Turning Point Brands Inc’s float is 2.37%.

The stock decreased 0.07% or $0.03 during the last trading session, reaching $40.59. About 71,075 shares traded. Turning Point Brands, Inc. (NYSE:TPB) has risen 139.06% since October 13, 2017 and is uptrending. It has outperformed by 123.44% 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 $783.95 million. It operates in three divisions: Smokeless Products, Smoking Products, and NewGen Products. It has a 34.37 P/E ratio. The Smokeless Products segment makes and markets moist snuff; and contracts for and markets loose leaf chewing tobacco products.

More news for Turning Point Brands, Inc. (NYSE:TPB) were recently published by: Benzinga.com, which released: “44 Biggest Movers From Yesterday” on October 09, 2018. Bizjournals.com‘s article titled: “Turning Point Brands executive gets senior level promotion” and published on September 14, 2018 is yet another important article.

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