What’s Next for Bassett Furniture Industries Incorporated (NASDAQ:BSET) After Having More Shares Shorted?

September 17, 2017 - By Hazel Jackson

 What's Next for Bassett Furniture Industries Incorporated (NASDAQ:BSET) After Having More Shares Shorted?

Investors sentiment decreased to 0.9 in Q4 2016. Its down 0.47, from 1.37 in 2016Q3. It fall, 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.
Northern Tru Corp reported 0% of its portfolio in Bassett Furniture Industries Inc. (NASDAQ:BSET). Federated Invsts Inc Pa, a Pennsylvania-based fund reported 8,392 shares. State Common Retirement Fund stated it has 0% in Bassett Furniture Industries Inc. (NASDAQ:BSET). Natl Bank Of Mellon accumulated 113,922 shares or 0% of the stock. Manufacturers Life The reported 0% of its portfolio in Bassett Furniture Industries Inc. (NASDAQ:BSET). Barclays Pcl reported 0% in Bassett Furniture Industries Inc. (NASDAQ:BSET). Jpmorgan Chase And has invested 0% of its portfolio in Bassett Furniture Industries Inc. (NASDAQ:BSET). Wells Fargo Company Mn owns 9,261 shares. Deutsche Commercial Bank Ag holds 7,680 shares. Bb&T has 0.03% invested in Bassett Furniture Industries Inc. (NASDAQ:BSET). Commercial Bank Of America Corporation De has 2,928 shares. Punch And Assoc Inv Mngmt reported 29,000 shares or 0.09% of all its holdings. Renaissance Technologies Ltd Com reported 503,500 shares. Raymond James Financial Advsrs reported 0% stake. 1,000 were accumulated by Finemark State Bank And Trust.

The stock of Bassett Furniture Industries Incorporated (NASDAQ:BSET) registered an increase of 41.51% in short interest. BSET’s total short interest was 125,800 shares in September as published by FINRA. Its up 41.51% from 88,900 shares, reported previously. With 27,600 shares average volume, it will take short sellers 5 days to cover their BSET’s short positions. The short interest to Bassett Furniture Industries Incorporated’s float is 1.25%.

The stock increased 2.83% or $1 on September 15, reaching $36.3. About 54,158 shares traded or 98.73% up from the average. Bassett Furniture Industries Inc. (NASDAQ:BSET) has risen 4.90% since September 17, 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 $389.30 million. The Company’s divisions include Wholesale, Retail – Company-owned stores and Logistical services. It has a 21.81 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.

Bassett Furniture Industries Inc. (NASDAQ:BSET) Ratings Coverage

Among 2 analysts covering Bassett Furniture (NASDAQ:BSET), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Bassett Furniture had 3 analyst reports since January 21, 2016 according to SRatingsIntel. The stock of Bassett Furniture Industries Inc. (NASDAQ:BSET) has “Hold” rating given on Friday, June 30 by Stifel Nicolaus. On Wednesday, January 27 the stock rating was downgraded by Sidoti to “Neutral”. Sidoti upgraded the shares of BSET in report on Thursday, January 21 to “Buy” rating.

More notable recent Bassett Furniture Industries Inc. (NASDAQ:BSET) news were published by: Globenewswire.com which released: “Bassett Furniture Announces Opening of New Store in Los Angeles, Calif.” on March 10, 2017, also Marketwatch.com with their article: “36.30” published on December 22, 2009, Nasdaq.com published: “Bassett Furniture Industries Inc Reveals 72% Increase In Q2 Profit” on June 29, 2017. More interesting news about Bassett Furniture Industries Inc. (NASDAQ:BSET) were released by: Seekingalpha.com and their article: “Bassett Furniture: Another Big Run Prices In A Still-Solid Story” published on August 03, 2017 as well as Quotes.Wsj.com‘s news article titled: “Bassett Furniture Industries Inc.” with publication date: February 11, 2011.

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