Dixie Group Inc (NASDAQ:DXYN) was the target of a large decline in short interest in 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. Approximately 1.2% of the company’s stock are short sold. Based on an average trading volume of 60,000 shares, the days-to-cover ratio is presently 2.7 days.
DXYN traded down $0.05 during trading on Friday, hitting $0.59. The company had a trading volume of 12,861 shares, compared to its average volume of 26,242. Dixie Group has a one year low of $0.34 and a one year high of $2.40. The stock has a 50-day moving average of $0.60. The company has a current ratio of 2.64, a quick ratio of 0.86 and a debt-to-equity ratio of 2.55.
Dixie Group (NASDAQ:DXYN) last posted its quarterly earnings data on Friday, May 3rd. The textile maker reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.14). The company had revenue of $88.61 million during the quarter. Dixie Group had a negative net margin of 6.37% and a negative return on equity of 13.48%.
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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