Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Short Interest Down 7.6% in December

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 39,000 shares, a drop of 7.6% from the December 15th total of 42,200 shares. Based on an average daily trading volume, of 13,200 shares, the days-to-cover ratio is currently 3.0 days. Currently, 0.5% of the shares of the stock are sold short.

Bassett Furniture Industries Price Performance

NASDAQ BSET traded down $0.51 on Friday, reaching $13.86. 12,044 shares of the company’s stock traded hands, compared to its average volume of 8,658. The stock has a market cap of $121.97 million, a PE ratio of -7.11, a P/E/G ratio of 1.08 and a beta of 1.69. Bassett Furniture Industries has a 12 month low of $12.10 and a 12 month high of $16.50. The stock has a 50-day simple moving average of $14.36 and a 200 day simple moving average of $14.00.

Bassett Furniture Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date is Friday, February 14th. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently -41.03%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Bassett Furniture Industries stock. Barclays PLC raised its holdings in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 51.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,124 shares of the company’s stock after purchasing an additional 3,459 shares during the period. Barclays PLC owned approximately 0.12% of Bassett Furniture Industries worth $146,000 at the end of the most recent quarter. 54.40% of the stock is currently owned by institutional investors and hedge funds.

Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers.