Sealy is Among the Companies in the Home Furnishings Industry With the Highest Short Interest (ZZ, ETH, LZB, FBN, MHK)
Below are the top five companies in the Home Furnishings industry as measured by the short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short squeeze.
Sealy (NYSE:ZZ) has a short interest ratio of 17.3 based on average daily volume of 531,000 shares and 9.2 million shares short. That equates to 9.4% of the 97.5 million shares outstanding.
Ethan Allen Interiors (NYSE:ETH) has a short interest ratio of 8.5 based on average daily volume of 438,000 shares and 3.7 million shares short. That equates to 12.9% of the 29.1 million shares outstanding.
La-Z-Boy (NYSE:LZB) has a short interest ratio of 5.8 based on average daily volume of 905,000 shares and 5.3 million shares short. That equates to 10.2% of the 51.8 million shares outstanding.
Furniture Brands (NYSE:FBN) has a short interest ratio of 5.7 based on average daily volume of 531,000 shares and 3 million shares short. That equates to 6.3% of the 48.5 million shares outstanding.
Mohawk Industries (NYSE:MHK) has a short interest ratio of 5.5 based on average daily volume of 845,000 shares and 4.6 million shares short. That equates to 6.7% of the 68.6 million shares outstanding.
SmarTrend is bearish on shares of ZZ and our subscribers were alerted to Sell on May 21, 2010 at $3.21. The stock has fallen 10.4% since the alert was issued.
