Dixie Group Inc (NASDAQ:DXYN) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 45,600 shares, a growth of 7.8% from the January 15th total of 42,300 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 70,400 shares, the days-to-cover ratio is currently 0.6 days.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Dixie Group by 45.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 32,007 shares of the textile maker’s stock valued at $36,000 after buying an additional 10,000 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Dixie Group by 73.0% during the fourth quarter. Renaissance Technologies LLC now owns 46,698 shares of the textile maker’s stock valued at $53,000 after buying an additional 19,698 shares during the last quarter. Finally, Kopion Asset Management LLC bought a new position in shares of Dixie Group during the fourth quarter valued at approximately $1,201,000. 34.19% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ DXYN traded up $0.01 during trading hours on Friday, hitting $1.26. 8,556 shares of the company were exchanged, compared to its average volume of 24,653. The stock has a 50-day moving average price of $1.34 and a 200 day moving average price of $1.29. The company has a quick ratio of 0.82, a current ratio of 2.36 and a debt-to-equity ratio of 2.58. Dixie Group has a 52 week low of $0.34 and a 52 week high of $2.09. The stock has a market cap of $20.78 million, a PE ratio of -0.83 and a beta of 0.71.
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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