Bassett Furniture Industries Incorporated (NASDAQ:BSET) Could Burn Your Long Portfolio After More Shorts

June 19, 2017 - By reb123z

 Bassett Furniture Industries Incorporated (NASDAQ:BSET) Could Burn Your Long Portfolio After More Shorts

Investors sentiment decreased to 0.9 in Q4 2016. Its down 0.47, from 1.37 in 2016Q3. It turned negative, as 9 investors sold Bassett Furniture Industries Inc. shares while 33 reduced holdings. 12 funds opened positions while 26 raised stakes. 7.52 million shares or 0.99% less from 7.59 million shares in 2016Q3 were reported.
Tower Rech Cap Ltd Limited Liability Company (Trc) accumulated 683 shares. Rhumbline Advisers holds 0% or 11,627 shares. Eagle Global Advsrs Lc reported 0.01% stake. Bank & Trust Of New York Mellon holds 0% or 113,922 shares. Mutual Of America Capital Management Limited Liability Corp holds 188,936 shares or 0.11% of its portfolio. 20,335 were accumulated by Secor Advsr L P. Natl Bank Of Montreal Can has 0% invested in Bassett Furniture Industries Inc. (NASDAQ:BSET) for 5,154 shares. New York State Common Retirement Fund has 13,799 shares. Bridgeway Capital reported 0.06% in Bassett Furniture Industries Inc. (NASDAQ:BSET). Renaissance Techs Ltd Liability Co has invested 0.02% of its portfolio in Bassett Furniture Industries Inc. (NASDAQ:BSET). Teton Advsrs invested 0.48% of its portfolio in Bassett Furniture Industries Inc. (NASDAQ:BSET). Aqr Cap Limited Liability Company owns 197,857 shares for 0.01% of their portfolio. Bessemer Grp reported 24,350 shares or 0% of all its holdings. Yorktown holds 6,600 shares. The United Kingdom-based Barclays Public Limited Company has invested 0% in Bassett Furniture Industries Inc. (NASDAQ:BSET).

Since January 25, 2017, it had 0 insider buys, and 3 insider sales for $293,440 activity. Baker David C sold $121,716 worth of Bassett Furniture Industries Inc. (NASDAQ:BSET) on Wednesday, January 25.

The stock of Bassett Furniture Industries Incorporated (NASDAQ:BSET) registered an increase of 6.25% in short interest. BSET’s total short interest was 125,800 shares in June as published by FINRA. Its up 6.25% from 118,400 shares, reported previously. With 19,900 shares average volume, it will take short sellers 6 days to cover their BSET’s short positions. The short interest to Bassett Furniture Industries Incorporated’s float is 1.25%.

About 1,619 shares traded. Bassett Furniture Industries Inc. (NASDAQ:BSET) has risen 4.90% since June 19, 2016 and is uptrending. It has underperformed by 11.80% the S&P500.

Bassett Furniture Industries, Incorporated is a manufacturer, importer and retailer of home furnishings. The company has market cap of $340.89 million. The Company’s divisions include Wholesale, Retail – Company-owned stores and Logistical services. It has a 22.07 P/E ratio. The Company’s wholesale home furnishings segment is involved in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores and independent furniture retailers.

More recent Bassett Furniture Industries Inc. (NASDAQ:BSET) news were published by: Marketwatch.com which released: “31.95” on December 22, 2009. Also Quotes.Wsj.com published the news titled: “Bassett Furniture Industries Inc. BSET (US: Nasdaq)” on February 11, 2011. Seekingalpha.com‘s news article titled: “Basset Furniture: Small Cap Dividend Stock With Upside Potential” with publication date: September 12, 2016 was also an interesting one.

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