Bassett Furniture Industries Short Interest Down 89.9% in July (BSET)
Shares of Bassett Furniture Industries (NASDAQ:BSET) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 72,286 shares, a decline of 89.9% from the June 30th total of 713,706 shares, StockRatingsNetwork.com reports. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 82,278 shares, the days-to-cover ratio is presently 0.9 days.
Bassett Furniture Industries (NASDAQ:BSET) opened at 14.95 on Wednesday. Bassett Furniture Industries has a 52 week low of $11.88 and a 52 week high of $17.36. The stock’s 50-day moving average is $14.13 and its 200-day moving average is $14.22. The company has a market cap of $158.9 million and a P/E ratio of 29.41.
Bassett Furniture Industries (NASDAQ:BSET) last announced its earnings results on Wednesday, July 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.07. The company had revenue of $85.19 million for the quarter, compared to the consensus estimate of $81.22 million. On average, analysts predict that Bassett Furniture Industries will post $0.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Wednesday, August 13th. This is a boost from Bassett Furniture Industries’s previous quarterly dividend of $0.06.
Bassett Furniture Industries, Incorporated (NASDAQ:BSET) is a vertically integrated manufacturer, importer and retailer of home furnishings.
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