Dixie Group Inc (NASDAQ:DXYN) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totalling 162,000 shares, a drop of 24.3% from the May 30th total of 214,000 shares. Based on an average daily volume of 60,000 shares, the short-interest ratio is presently 2.7 days. Currently, 1.2% of the shares of the stock are sold short.
Shares of Dixie Group stock traded down $0.05 during midday trading on Friday, reaching $0.59. The company had a trading volume of 12,861 shares, compared to its average volume of 26,242. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.64 and a quick ratio of 0.86. The company’s fifty day moving average is $0.60. Dixie Group has a 1-year low of $0.34 and a 1-year high of $2.40.
Dixie Group (NASDAQ:DXYN) last issued its quarterly earnings results on Friday, May 3rd. The textile maker reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.14). Dixie Group had a negative net margin of 6.37% and a negative return on equity of 13.48%. The company had revenue of $88.61 million during the quarter.
The Dixie Group, Inc manufactures, markets, and sells floorcovering products for residential and commercial applications primarily in the United States. It offers residential carpets and custom rugs, specialty carpets and rugs, residential tufted broadloom and rugs, and broadloom and modular carpet tiles.
See Also: What is the market perform rating?
Receive News & Ratings for Dixie Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dixie Group and related companies with MarketBeat.com's FREE daily email newsletter.