Today’s Stock On Watch: What’s Bassett Furniture Industries Incorporated (NASDAQ:BSET) Upside After This Short Interest Increase?

November 28, 2016 - By Pete Kolinski   ·   0 Comments

Today's Stock On Watch: What's Bassett Furniture Industries Incorporated (NASDAQ:BSET) Upside After This Short Interest Increase?

The stock of Bassett Furniture Industries Incorporated (NASDAQ:BSET) registered an increase of 4.31% in short interest. BSET’s total short interest was 203,100 shares in November as published by FINRA. Its up 4.31% from 194,700 shares, reported previously. With 32,400 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 2.01%. About 405 shares traded hands. Bassett Furniture Industries Inc. (NASDAQ:BSET) has risen 0.96% since April 25, 2016 and is uptrending. It has underperformed by 5.06% the S&P500.

Bassett Furniture Industries, Incorporated is a manufacturer, importer and retailer of home furnishings. The company has a market cap of $328.09 million. The Company’s divisions include Wholesale, Retail – Company-owned stores and Logistical services. It has a 19.51 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.

Insitutional Activity: The institutional sentiment increased to 1.37 in 2016 Q2. Its up 0.47, from 0.9 in 2016Q1. The ratio is positive, as 12 funds sold all Bassett Furniture Industries Inc. shares owned while 28 reduced positions. 7 funds bought stakes while 29 increased positions. They now own 6.85 million shares or 9.07% less from 7.54 million shares in 2016Q1.
Moreover, Cornercap Invest Counsel has 0.07% invested in Bassett Furniture Industries Inc. (NASDAQ:BSET) for 16,241 shares. Millennium Mngmt Ltd Limited Liability Company holds 0% or 24,676 shares in its portfolio. Synovus holds 0% or 133 shares in its portfolio. Barclays Public Limited Com reported 20 shares or 0% of all its holdings. Strs Ohio holds 22,800 shares or 0% of its portfolio. Oppenheimer &, a New York-based fund reported 21,293 shares. Renaissance Grp Ltd Liability Co accumulated 0.01% or 10,785 shares. Ny State Common Retirement Fund reported 10,300 shares or 0% of all its holdings. Amp Ltd holds 0% of its portfolio in Bassett Furniture Industries Inc. (NASDAQ:BSET) for 10,500 shares. Moreover, Commonwealth Equity has 0% invested in Bassett Furniture Industries Inc. (NASDAQ:BSET) for 16,822 shares. American International Group Inc Inc, a New York-based fund reported 5,922 shares. Moreover, Cornerstone Capital Management Lc has 0.01% invested in Bassett Furniture Industries Inc. (NASDAQ:BSET) for 70,317 shares. Bank & Trust Of America Corp De has 2,434 shares for 0% of their US portfolio. Gerstein Fisher accumulated 38,314 shares or 0.12% of the stock. Us Bankshares De has invested 0% of its portfolio in Bassett Furniture Industries Inc. (NASDAQ:BSET).

Insider Transactions: Since June 30, 2016, the stock had 3 insider purchases, and 1 sale for $170,564 net activity. Another trade for 2,000 shares valued at $47,924 was bought by FULTON PAUL. $89,061 worth of shares were sold by CASHMAN KRISTINA K on Monday, August 15. Shares for $94,551 were bought by SPILMAN ROBERT H JR on Thursday, June 30. WARDEN WILLIAM C JR bought $117,150 worth of stock or 5,000 shares.

BSET Company Profile

Bassett Furniture Industries, Incorporated, incorporated on November 15, 2010, is a manufacturer, importer and retailer of home furnishings. The Company’s divisions include Wholesale, Retail – Company-owned stores and Logistical services. The Company’s range of furniture products and accessories are sold through a nation-wide network of over 90 retail stores known as Bassett Home Furnishings (BHF). As of November 28, 2015, BHF store network included approximately 60 Company-owned stores and over 30 licensee-owned stores. The Company, through its Website, www.bassettfurniture.com, enables clients to research and purchase its merchandise online. In addition, the Company distributes its products through other multi-line furniture stores, many of which feature Bassett galleries or design centers, specialty stores and mass merchants. The Firm also holds investments in retail store properties.

More news for Bassett Furniture Industries Inc. (NASDAQ:BSET) were recently published by: Marketwatch.com, which released: “Basset Furniture started at hold at Stifel Nicolaus” on December 22, 2009. Quotes.Wsj.com‘s article titled: “News Bassett Furniture Industries Inc.BSET” and published on February 11, 2011 is yet another important article.

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By Pete Kolinski


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