Breaking Short Interest: Is Buying Dixie Group Incorporated (NASDAQ:DXYN), Having Lower Short Interest a Winning Strategy?

December 1, 2016 - By Clifton Ray   ·   0 Comments

Breaking Short Interest: Is Buying Dixie Group Incorporated (NASDAQ:DXYN), Having Lower Short Interest a Winning Strategy?

The stock of Dixie Group Incorporated (NASDAQ:DXYN) registered a decrease of 0.54% in short interest. DXYN’s total short interest was 185,000 shares in December as published by FINRA. Its down 0.54% from 186,000 shares, reported previously. With 45,400 shares average volume, it will take short sellers 4 days to cover their DXYN’s short positions. The short interest to Dixie Group Incorporated’s float is 1.49%. About 8,372 shares traded hands. Dixie Group Inc (NASDAQ:DXYN) has declined 27.51% since April 28, 2016 and is downtrending. It has underperformed by 33.43% the S&P500.

The Dixie Group, Inc. is engaged in marketing, manufacturing and selling of carpet and rugs. The company has a market cap of $55.22 million. The Firm offers its products to various residential and commercial clients through its various sales forces and brands. It currently has negative earnings. The Firm operates through the carpet and rug manufacturing segment.

Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.06, from 1 in 2016Q1. The ratio dived, as 5 funds sold all Dixie Group Inc shares owned while 9 reduced positions. 4 funds bought stakes while 10 increased positions. They now own 9.63 million shares or 8.09% less from 10.47 million shares in 2016Q1.
First Dallas Incorporated accumulated 0.24% or 86,050 shares. Jacobs Levy Equity Mngmt last reported 24,420 shares in the company. Bank Of Ny Mellon Corp has 15,174 shares for 0% of their US portfolio. Buckhead Ltd Liability Com last reported 188,185 shares in the company. Greenwood Cap Limited Liability Co last reported 0.02% of its portfolio in the stock. Bridgeway Cap Management has 0.01% invested in the company for 110,600 shares. Geode Mgmt Ltd accumulated 0% or 69,045 shares. Jbf Cap accumulated 0% or 1,000 shares. Northern Corp last reported 26,772 shares in the company. Blackrock Institutional Trust Na has 0% invested in the company for 374,698 shares. Hodges Mngmt has 0.37% invested in the company for 2.12 million shares. Barnett & last reported 3,000 shares in the company. Blackrock Ltd Liability last reported 0% of its portfolio in the stock. Moreover, Blair William And Il has 0% invested in Dixie Group Inc (NASDAQ:DXYN) for 148,173 shares. Creative Planning last reported 0% of its portfolio in the stock.

Insider Transactions: Since August 1, 2016, the stock had 4 insider purchases, and 0 sales for $16,561 net activity. $4,147 worth of Dixie Group Inc (NASDAQ:DXYN) was bought by Blue William F JR on Tuesday, November 1.

DXYN Company Profile

The Dixie Group, Inc., incorporated on July 25, 1932, is engaged in marketing, manufacturing and selling of carpet and rugs. The Firm offers its products to various residential and commercial clients through its various sales forces and brands. The Firm operates through the carpet and rug manufacturing segment. The Firm also provides carpet and yarn related services to other manufacturers. The Company’s brands include Fabrica, Masland Residential, Dixie Home, Atlas Carpet Mills, Masland Contract and Masland Hospitality. Dixie International sells its brands outside of the North American market.

More recent Dixie Group Inc (NASDAQ:DXYN) news were published by: Quotes.Wsj.com which released: “News Dixie Group Inc.DXYN” on February 12, 2011. Also Timesfreepress.com published the news titled: “Chattanooga-based Dixie Group reports wider first quarter loss” on May 04, 2016. Prnewswire.com‘s news article titled: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating The Dixie …” with publication date: July 11, 2016 was also an interesting one.

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By Clifton Ray


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