The Dixie Group, Inc. (NASDAQ:DXYN) Short Interest Update

The Dixie Group, Inc. (NASDAQ:DXYN) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 42,300 shares, a drop of 31.2% from the May 31st total of 61,500 shares. Based on an average daily volume of 54,400 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of The Dixie Group in a research note on Thursday. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On The Dixie Group

A hedge fund recently bought a new stake in The Dixie Group stock. First Dallas Securities Inc. bought a new position in The Dixie Group, Inc. (NASDAQ:DXYN) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 466,282 shares of the textile maker’s stock, valued at approximately $321,000. First Dallas Securities Inc. owned 3.00% of The Dixie Group as of its most recent SEC filing. 40.00% of the stock is currently owned by institutional investors.

The Dixie Group Price Performance

Shares of NASDAQ DXYN traded down $0.05 during mid-day trading on Friday, hitting $0.66. 40,469 shares of the company’s stock traded hands, compared to its average volume of 45,006. The company has a market capitalization of $10.41 million, a P/E ratio of -2.62 and a beta of 2.41. The Dixie Group has a 1 year low of $0.46 and a 1 year high of $1.36. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.39 and a quick ratio of 0.82. The company’s 50-day moving average is $0.78 and its two-hundred day moving average is $0.67.

The Dixie Group (NASDAQ:DXYN) last posted its quarterly earnings data on Thursday, May 2nd. The textile maker reported ($0.16) earnings per share for the quarter. The Dixie Group had a negative net margin of 1.26% and a negative return on equity of 10.20%. The firm had revenue of $65.25 million for the quarter.

The Dixie Group Company Profile

The Dixie Group, Inc manufactures, markets, and sells floorcovering products to residential customers in North America and internationally. The company offers residential carpets, custom rugs, and engineered wood products under the Fabrica brand for interior decorators and designers, selected retailers and furniture stores, luxury home builders, and manufacturers of luxury motor coaches and yachts; and specialty carpets and rugs for the high-end residential marketplace, as well as luxury vinyl flooring products and broadloom carpet products under the Masland Residential brand name through the interior design community and specialty floorcovering retailers.