Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Sees Large Decline in Short Interest

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) was the recipient of a large 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 trading volume of 13,200 shares, the short-interest ratio is currently 3.0 days. Currently, 0.5% of the shares of the stock are sold short.

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 Investors Weigh In On Bassett Furniture Industries

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

Bassett Furniture Industries Stock Performance

Bassett Furniture Industries stock traded down $0.51 during mid-day trading on Friday, hitting $13.86. 12,044 shares of the company were exchanged, compared to its average volume of 8,658. Bassett Furniture Industries has a 12-month low of $12.10 and a 12-month high of $16.50. The business’s 50 day simple moving average is $14.36 and its two-hundred day simple moving average is $14.00.

Bassett Furniture Industries Dividend Announcement

The company also recently announced 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. 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.