Dixie Group Inc (NASDAQ:DXYN) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 102,300 shares, an increase of 28.4% from the April 30th total of 79,700 shares. Based on an average trading volume of 57,300 shares, the short-interest ratio is currently 1.8 days. Approximately 0.7% of the company’s shares are short sold.
Dixie Group stock traded down $0.03 during trading hours on Thursday, reaching $0.62. The stock had a trading volume of 4,298 shares, compared to its average volume of 107,176. Dixie Group has a 52 week low of $0.34 and a 52 week high of $2.40. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.64 and a quick ratio of 0.86.
Dixie Group (NASDAQ:DXYN) last announced its quarterly earnings results on Friday, May 3rd. The textile maker reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.14). Dixie Group had a negative return on equity of 13.48% and a negative net margin of 6.37%. The firm 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.
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