Ethan Allen Interiors Inc. (NYSE:ETH) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 2,390,000 shares, an increase of 8.6% from the July 15th total of 2,200,000 shares. Currently, 11.2% of the shares of the company are short sold. Based on an average daily trading volume, of 383,900 shares, the days-to-cover ratio is currently 6.2 days.
A number of institutional investors have recently added to or reduced their stakes in ETH. Assenagon Asset Management S.A. purchased a new stake in Ethan Allen Interiors in the 2nd quarter worth approximately $3,275,000. Global Alpha Capital Management Ltd. increased its holdings in Ethan Allen Interiors by 27.7% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 725,624 shares of the company’s stock worth $7,416,000 after acquiring an additional 157,507 shares in the last quarter. WINTON GROUP