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 during the month of 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 short-interest ratio is currently 3.0 days. Approximately 0.5% of the shares of the company are sold short.

Bassett Furniture Industries Price Performance

NASDAQ:BSET traded down $0.51 during mid-day trading on Friday, reaching $13.86. The stock had a trading volume of 12,044 shares, compared to its average volume of 8,658. Bassett Furniture Industries has a twelve month low of $12.10 and a twelve month high of $16.50. The business 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 firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.20 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.77%. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently -41.03%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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. Empowered Funds LLC grew its stake in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,419 shares of the company’s stock after purchasing an additional 1,206 shares during the period. Empowered Funds LLC owned approximately 0.29% of Bassett Furniture Industries worth $367,000 at the end of the most recent reporting period. 54.40% of the stock is 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.