Bassett Furniture’s Short Interest Drops by 50%

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Bassett Furniture Industries ($NASDAQ:BSET), Incorporated is a leading manufacturer and marketer of branded home furnishings in the United States. The Company sells its products through a network of branded Bassett Furniture stores, independent furniture retailers, and online. The amount of short interest in Bassett Furniture Industries, Incorporated has decreased by 49.6%.

This is a significant drop and may be indicative of changing sentiment among investors. Bassett Furniture has been struggling in recent years, and this decline in short interest may be a sign that investors are becoming more optimistic about the company’s prospects.

Price History

Bassett Furniture‘s short interest dropped by 50% after Friday’s opening bell. The stock opened at $18.70 and closed at $19.00, up 1.9% from the prior closing price of $18.70. Despite the positive media exposure, the company’s stock has not seen much movement.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on BASSETT FURNITURE INDUSTRIES are made simple by VI app. According to VI Risk Rating, BASSETT FURNITURE INDUSTRIES is a medium risk investment in terms of financial and business aspects. VI App has detected 2 risk warnings in income sheet, cashflow statement. Register with us to check it out.

VI Peers

Bassett Furniture Industries Inc is a leading furniture manufacturer that competes with other leading companies such as Dorel Industries Inc, The Lovesac Co, and DFS Furniture PLC. The company has been in business for over 100 years and has a reputation for quality products. Bassett Furniture Industries Inc is a publicly traded company on the New York Stock Exchange. The company’s headquarters is located in Bassett, Virginia.

– Dorel Industries Inc ($TSX:DII.B)

Dorel Industries Inc is a Canadian company that designs, manufactures, and markets juvenile and adult consumer products. The company has a market cap of 166.2M as of 2022 and a Return on Equity of -9.02%.

Dorel Industries is a diversified company with operations in three main business segments: Juvenile, Home Furnishings, and Recreation/Leisure. The Juvenile segment designs, manufactures, and markets juvenile products, such as strollers, car seats, high chairs, and playards, under the brands Maxi-Cosi, Quinny, Baby Art, and Tiny Love. The Home Furnishings segment designs, manufactures, and markets home furnishings products, such as sofas, chairs, and mattresses, under the brands Dorel Home Products and Simmons. The Recreation/Leisure segment designs, manufactures, and markets recreation and leisure products, such as bicycles, scooters, and trampolines, under the brands Cannondale, Schwinn, GT, Mongoose, IronHorse, and Dorel Sports.

Dorel Industries has a long history dating back to 1962 when it was founded as a manufacturer of children’s furniture. Since then, the company has grown through a series of acquisitions and has established itself as a leading player in the juvenile, home furnishings, and recreation/leisure market segments.

– The Lovesac Co ($NASDAQ:LOVE)

The Lovesac Company is a furniture company that designs, manufactures, and sells bean bag chairs and related accessories. The company has a market cap of $343.47 million and a return on equity of 15.26%. The company’s products are sold through a network of company-owned stores and e-commerce website. Lovesac was founded in 1995 and is headquartered in Stamford, Connecticut.

– DFS Furniture PLC ($LSE:DFS)

DFS Furniture PLC is a UK-based company that manufactures and sells furniture. The company has a market cap of 271.97M as of 2022 and a Return on Equity of 19.51%. DFS Furniture PLC is a publicly traded company listed on the London Stock Exchange. The company was founded in 1969 and has its headquarters in Derbyshire, England.

Summary

Bassett Furniture Industries is a publicly traded company on the Nasdaq stock exchange, ticker symbol BSET. The company is a leading manufacturer and marketer of branded home furnishings. The company offers a wide range of styles and prices for its furniture products, making it a popular choice for many consumers. The company has been through several changes over the years, but has always remained committed to manufacturing quality furniture products.

Investors may be interested in Bassett Furniture for its strong brand recognition, long history, and commitment to manufacturing quality products. The company’s furniture products are popular with consumers and its retail stores are located in convenient locations across the United States. Bassett Furniture also pays regular dividends to shareholders, making it an attractive investment for income-seeking investors.