<div id="readability-page-1"><p>HNI Corporation (NYSE:HNI - Get Free Report) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 2,827,875 shares,  a drop of 53.9% from the November 30th total of 6,139,043 shares. Based on an average daily trading volume, of 1,372,926 shares, the short-interest ratio is currently 2.1 days. Currently, 6.4% of the company's shares are short sold. Currently, 6.4% of the company's shares are short sold. Based on an average daily trading volume, of 1,372,926 shares, the short-interest ratio is currently 2.1 days.</p><h2>HNI Stock Performance</h2><ul><li>Steelcase Makes the Case for the Taking Longs</li></ul><p>HNI stock traded down $0.02 on Friday, hitting $42.31. The company's stock had a trading volume of 320,044 shares, compared to its average volume of 1,165,652. HNI has a 1 year low of $38.03 and a 1 year high of $53.29. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 0.60 and a beta of 0.93. The firm has a 50 day moving average of $41.46 and a two-hundred day moving average of $45.16. </p><p>HNI (NYSE:HNI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The business services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.03. The firm had revenue of $683.80 million during the quarter, compared to the consensus estimate of $688.64 million. HNI had a return on equity of 20.33% and a net margin of 5.46%.The company's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share.  Equities analysts predict that  HNI will post 3.6 EPS for the current fiscal year. </p><h2>HNI Dividend Announcement</h2><p>The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, November 17th. HNI's payout ratio is currently 45.64%. </p><h2>Hedge Funds Weigh In On HNI</h2><p>Hedge funds have recently made changes to their positions in the stock. Cooke &amp; Bieler LP acquired a new position in shares of  HNI during the 3rd quarter valued at $28,744,000.  Millennium Management LLC bought a new position in  HNI in the 1st quarter worth about $10,666,000.  Jones Financial Companies Lllp raised its stake in  HNI by 196,733.6% during the 1st quarter. Jones Financial Companies Lllp now owns 234,232 shares of the business services provider's stock valued at $10,388,000 after acquiring an additional 234,113 shares in the last quarter.  Jane Street Group LLC acquired a new stake in shares of  HNI in the 1st quarter worth approximately $10,301,000.  Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in  HNI by 7.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,290 shares of the business services provider's stock valued at $6,311,000 after buying an additional 9,730 shares in the last quarter. Institutional investors and hedge funds own  75.26% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several equities analysts have weighed in on the company. Wall Street Zen downgraded HNI from a &#34;strong-buy&#34; rating to a &#34;buy&#34; rating in a research report on Saturday, November 1st. Weiss Ratings  reiterated a &#34;buy (b-)&#34; rating on shares of HNI in a research note on Monday. Finally, Benchmark  reaffirmed a &#34;buy&#34; rating on shares of HNI in a research report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating and one  has given a Hold rating to the company. Based on data from MarketBeat.com, the company  has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $75.00.</p><p><b>Read Our Latest Report on HNI</b></p><h2>HNI Company Profile</h2> (Get Free Report)<p>HNI Corporation, founded in 1944 as the Heating &amp; Novelty Company and headquartered in Muscatine, Iowa, is a leading manufacturer of office furniture and hearth products. Over its history, the company has evolved from producing gas heaters into two primary business segments: Office Furniture and Hearth &amp; Home. HNI's Office Furniture division operates under well-known brands such as The HON Company, Allsteel, Gunlocke and Kimball, offering a comprehensive portfolio of workstations, seating, tables, storage solutions and acoustic products tailored for corporate, education, healthcare and government markets.  </p><p>In its Hearth &amp; Home segment, HNI designs, manufactures and distributes fireplaces, stoves, fireplace inserts, logs and related accessories.</p><h2>Read More</h2><ul><li>Five stocks we like better than HNI</li><li>Do not delete, read immediately</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>Can Any Expenses Be Deducted From Capital Gains Tax?</li><li>Do you know what Amazon is planning for January 1?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in HNI Right Now?</h2><p>Before you consider HNI, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HNI wasn't on the list.</p><p>While HNI currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>HNI Corporation (NYSE:HNI) saw a 53.9% decrease in short interest in December, with shares sold short totaling 2,827,875 as of December 15th. The short-interest ratio is 2.1 days based on an average daily volume of 1,372,926 shares. HNI's stock performance includes a trading price of $42.31, a market cap of $1.94 billion, and a dividend yield of 3.2%. Analysts have a consensus rating of "Moderate Buy" with a price target of $75.00.</p>

Short Interest in HNI Corporation (NYSE:HNI) Drops By 53.9%