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

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 39,000 shares, a decrease 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 company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Bassett Furniture Industries stock. Barclays PLC boosted its stake in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 51.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,124 shares of the company’s stock after purchasing an additional 3,459 shares during the period. Barclays PLC owned about 0.12% of Bassett Furniture Industries worth $146,000 at the end of the most recent reporting period. 54.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Bassett Furniture Industries Stock Down 3.5 %

NASDAQ:BSET opened at $13.86 on Monday. The stock has a market cap of $121.97 million, a price-to-earnings ratio of -7.11, a PEG ratio of 1.08 and a beta of 1.69. The company’s 50 day moving average price is $14.36 and its 200-day moving average price is $14.00. Bassett Furniture Industries has a 52 week low of $12.10 and a 52 week high of $16.50.

Bassett Furniture Industries Dividend Announcement

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

About Bassett Furniture Industries

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.