Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Sees Large Decline in Short Interest

Posted by Stanley Muller on Jul 13th, 2026

Bassett Furniture Industries, Incorporated (NASDAQ:BSET – Get Free Report) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 73,521 shares, a drop of 67.4% from the June 15th total of 225,622 shares. Based on an average trading volume of 143,821 shares, the short-interest ratio is currently 0.5 days. Approximately 0.9% of the company’s stock are sold short.

Bassett Furniture Industries Price Performance

Shares of Bassett Furniture Industries stock opened at $20.86 on Monday. The firm has a market cap of $180.65 million, a PE ratio of 32.59, a P/E/G ratio of 1.46 and a beta of 0.76. Bassett Furniture Industries has a 1 year low of $13.17 and a 1 year high of $21.25. The stock has a fifty day moving average price of $15.84 and a 200-day moving average price of $15.49.

Bassett Furniture Industries (NASDAQ:BSET – Get Free Report) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $83.75 million for the quarter, compared to the consensus estimate of $83.32 million. Bassett Furniture Industries had a net margin of 1.65% and a return on equity of 3.56%. During the same period in the previous year, the firm earned $0.22 EPS. As a group, equities analysts anticipate that Bassett Furniture Industries will post 0.89 EPS for the current fiscal year.

Analyst Ratings Changes

BSET has been the subject of several analyst reports. Weiss Ratings upgraded shares of Bassett Furniture Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. Zacks Research raised shares of Bassett Furniture Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen upgraded shares of Bassett Furniture Industries from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

View Our Latest Analysis on BSET

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in shares of Bassett Furniture Industries by 97.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,840 shares of the company’s stock worth $379,000 after purchasing an additional 12,258 shares during the last quarter. Empowered Funds LLC lifted its stake in Bassett Furniture Industries by 7.9% in the first quarter. Empowered Funds LLC now owns 28,643 shares of the company’s stock valued at $437,000 after purchasing an additional 2,089 shares during the last quarter. Jane Street Group LLC lifted its stake in Bassett Furniture Industries by 87.9% in the first quarter. Jane Street Group LLC now owns 21,454 shares of the company’s stock valued at $327,000 after purchasing an additional 10,037 shares during the last quarter. Geode Capital Management LLC grew its holdings in Bassett Furniture Industries by 114.3% during the second quarter. Geode Capital Management LLC now owns 190,182 shares of the company’s stock valued at $2,892,000 after purchasing an additional 101,448 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in Bassett Furniture Industries during the second quarter valued at $83,000. 54.40% of the stock is owned by institutional investors.

Bassett Furniture Industries Company Profile

(Get Free Report)

Bassett Furniture Industries, Inc (NASDAQ: BSET), headquartered in Bassett, Virginia, is a vertically integrated manufacturer and retailer of residential home furnishings. The company designs, produces and markets a range of furniture items, including upholstered seating, wood case goods, bedroom collections, dining room sets and home décor accessories. Bassett is known for its emphasis on craftsmanship, offering both ready-to-assemble pieces and made-to-order products that cater to varying design preferences and space requirements.

Bassett’s products are sold through a dual-channel distribution network comprising company-owned Bassett Home Furnishings stores, a franchise and independent dealer network, and an e-commerce platform that provides online shopping, virtual design consultations and customization tools.