Dixie Group Inc (NASDAQ:DXYN) Sees Large Decrease in Short Interest

Dixie Group Inc (NASDAQ:DXYN) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 162,000 shares, a decline of 24.3% from the May 30th total of 214,000 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 60,000 shares, the short-interest ratio is presently 2.7 days.

DXYN stock traded down $0.05 during trading on Friday, reaching $0.59. 12,861 shares of the stock were exchanged, compared to its average volume of 47,449. 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 stock has a 50 day simple moving average of $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 earnings results on Friday, May 3rd. The textile maker reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.14). The firm had revenue of $88.61 million for the quarter. Dixie Group had a negative return on equity of 13.48% and a negative net margin of 6.37%.

Dixie Group Company Profile

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.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

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