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

Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Get Free Report) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 71,600 shares, a growth of 45.8% from the May 15th total of 49,100 shares. Based on an average trading volume of 25,300 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.0% of the shares of the stock are short sold.

Bassett Furniture Industries Price Performance

Shares of NASDAQ BSET traded up $0.03 during trading on Thursday, hitting $15.52. 19,237 shares of the company were exchanged, compared to its average volume of 19,021. Bassett Furniture Industries has a 1 year low of $12.11 and a 1 year high of $19.67. The company has a market cap of $135.02 million, a price-to-earnings ratio of -20.69, a PEG ratio of 1.38 and a beta of 1.24. The firm's fifty day moving average price is $16.98 and its 200 day moving average price is $15.51.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last released its quarterly earnings data on Wednesday, April 2nd. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.19. Bassett Furniture Industries had a negative net margin of 2.04% and a negative return on equity of 0.68%. The firm had revenue of $82.16 million for the quarter, compared to the consensus estimate of $79.71 million. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. On average, research analysts forecast that Bassett Furniture Industries will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Bassett Furniture Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC boosted its position in Bassett Furniture Industries by 87.9% during the first quarter. Jane Street Group LLC now owns 21,454 shares of the company's stock worth $327,000 after purchasing an additional 10,037 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Bassett Furniture Industries by 7.9% in the 1st quarter. Empowered Funds LLC now owns 28,643 shares of the company's stock worth $437,000 after buying an additional 2,089 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Bassett Furniture Industries by 97.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,840 shares of the company's stock valued at $379,000 after acquiring an additional 12,258 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in Bassett Furniture Industries by 0.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 571,777 shares of the company's stock valued at $8,720,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Truffle Hound Capital LLC increased its holdings in Bassett Furniture Industries by 49.3% during the 1st quarter. Truffle Hound Capital LLC now owns 298,520 shares of the company's stock valued at $4,552,000 after acquiring an additional 98,520 shares in the last quarter. Institutional investors and hedge funds own 54.40% of the company's stock.

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.