Short Interest of The Day: What’s Ethan Allen Interiors Incorporated (NYSE:ETH) Upside After This Short Interest Decrease?

January 11, 2017 - By Ruchi Gupta   ·   0 Comments

Short Interest of The Day: What's Ethan Allen Interiors Incorporated (NYSE:ETH) Upside After This Short Interest Decrease?

The stock of Ethan Allen Interiors Incorporated (NYSE:ETH) registered a decrease of 3.86% in short interest. ETH’s total short interest was 3.53M shares in January as published by FINRA. Its down 3.86% from 3.67 million shares, reported previously. With 178,100 shares average volume, it will take short sellers 20 days to cover their ETH’s short positions. The short interest to Ethan Allen Interiors Incorporated’s float is 13.84%. About 339,954 shares traded hands or 90.84% up from the average. Ethan Allen Interiors Inc. (NYSE:ETH) has risen 4.20% since June 7, 2016 and is uptrending. It has underperformed by 3.22% the S&P500.

Ethan Allen Interiors Inc. is an interior design company. The company has a market cap of $868.22 million. The Firm is a maker and retailer of home furnishings. It has a 15.97 P/E ratio. The Firm operates through two divisions, which include wholesale and retail.

Insitutional Activity: The institutional sentiment increased to 1.22 in 2016 Q3. Its up 0.17, from 1.05 in 2016Q2. The ratio improved, as 14 funds sold all Ethan Allen Interiors Inc. shares owned while 59 reduced positions. 27 funds bought stakes while 62 increased positions. They now own 26.28 million shares or 1.61% less from 26.71 million shares in 2016Q2.
Dynamic Cap Mgmt Ltd holds 0.05% of its portfolio in Ethan Allen Interiors Inc. (NYSE:ETH) for 12,175 shares. State Teachers Retirement System owns 72,798 shares or 0.01% of their US portfolio. Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in Ethan Allen Interiors Inc. (NYSE:ETH). Clark Mgmt Grp accumulated 137,078 shares or 0.25% of the stock. The Massachusetts-based Fmr Ltd has invested 0.01% in Ethan Allen Interiors Inc. (NYSE:ETH). Victory Management accumulated 3,089 shares or 0% of the stock. Riverhead Capital Ltd holds 0% of its portfolio in Ethan Allen Interiors Inc. (NYSE:ETH) for 1,100 shares. The New York-based Tiaa Cref Inv Management Limited Liability has invested 0% in Ethan Allen Interiors Inc. (NYSE:ETH). Kennedy Capital Mgmt holds 162,657 shares or 0.1% of its portfolio. Pinebridge Invs Lp last reported 0% of its portfolio in the stock. Numeric Invsts Limited Company, a Massachusetts-based fund reported 10,600 shares. First Mercantile Trust last reported 0.06% of its portfolio in the stock. Hancock Hldg has invested 0.04% of its portfolio in Ethan Allen Interiors Inc. (NYSE:ETH). Leuthold Grp Ltd Limited Liability Company last reported 0.2% of its portfolio in the stock. Shell Asset Company accumulated 67,345 shares or 0.05% of the stock.

Insider Transactions: Since August 11, 2016, the stock had 2 insider buys, and 1 sale for $6,959 net activity. Stacom Tara I. bought 3,000 shares worth $99,918. CLARK CLINTON A also sold $114,269 worth of Ethan Allen Interiors Inc. (NYSE:ETH) shares. The insider Garrett Mary bought 200 shares worth $7,392.

Ethan Allen Interiors Inc. (NYSE:ETH) Ratings Coverage

Out of 4 analysts covering Ethan Allen (NYSE:ETH), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Ethan Allen has been the topic of 6 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Ethan Allen Interiors Inc. (NYSE:ETH) has “Market Perform” rating given on Thursday, September 17 by Telsey Advisory Group. The rating was downgraded by Raymond James to “Market Perform” on Wednesday, July 27. The rating was maintained by Dougherty & Company with “Buy” on Wednesday, January 27. The stock of Ethan Allen Interiors Inc. (NYSE:ETH) earned “Buy” rating by Gabelli on Wednesday, January 27. As per Wednesday, October 28, the company rating was downgraded by Raymond James. The company was maintained on Wednesday, July 29 by Dougherty & Company.

ETH Company Profile

Ethan Allen Interiors Inc., incorporated on May 25, 1989, is an interior design company. The Firm is a maker and retailer of home furnishings. The Firm operates in two divisions, including wholesale and retail. The Firm is an international home fashion brand doing business in North America, Europe, Asia and the Middle East. It offers complimentary interior design service to its clients, and sells a range of furniture products and decorative accents through ethanallen.com and a network of design centers in the United States and abroad. As of June 30, 2016, the Company owned and operated nine manufacturing facilities located in the United States, Mexico and Honduras. As of June 30, 2016, the Company distributed its products through three distribution centers, which are owned by the Company, and located in New Jersey, Oklahoma and Virginia.

More notable recent Ethan Allen Interiors Inc. (NYSE:ETH) news were published by: Wsj.com which released: “Ethan Allen Warns of Lower-Than-Expected Results” on January 11, 2017, also Forbes.com with their article: “Ex-Dividend Reminder: Ethan Allen Interiors, General Mills and Darden Restaurants” published on January 04, 2017, Equitiesfocus.com published: “Ethan Allen Interiors Inc. (NYSE:ETH) Annual Sales Estimates At $227.555” on January 11, 2017. More interesting news about Ethan Allen Interiors Inc. (NYSE:ETH) were released by: Globenewswire.com and their article: “Ethan Allen Increases Quarterly Cash Dividend” published on November 16, 2016 as well as Benzinga.com‘s news article titled: “Mid-Day Market Update: Crude Oil Up 2.5%; Ethan Allen Shares Drop On Weak Forecast” with publication date: January 11, 2017.

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By Ruchi Gupta

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