Barnes & Noble Education, Inc. (NYSE:BNED) Sees Large Growth in Short Interest

by · The Cerbat Gem

Barnes & Noble Education, Inc. (NYSE:BNED – Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 1,220,000 shares, an increase of 69.4% from the September 15th total of 720,000 shares. Approximately 13.6% of the shares of the stock are short sold. Based on an average daily volume of 347,900 shares, the days-to-cover ratio is currently 3.5 days.

Barnes & Noble Education Stock Performance

BNED traded down $0.04 during trading on Friday, hitting $8.94. The company’s stock had a trading volume of 131,586 shares, compared to its average volume of 260,926. The company has a quick ratio of 0.42, a current ratio of 1.23 and a debt-to-equity ratio of 1.54. The business’s 50 day simple moving average is $10.88 and its 200-day simple moving average is $21.40. The firm has a market cap of $234.30 million, a PE ratio of -0.11 and a beta of 2.12. Barnes & Noble Education has a one year low of $6.05 and a one year high of $226.00.

Barnes & Noble Education (NYSE:BNED – Get Free Report) last announced its earnings results on Tuesday, September 10th. The specialty retailer reported ($3.07) earnings per share (EPS) for the quarter. Barnes & Noble Education had a negative net margin of 7.17% and a negative return on equity of 27.68%. The business had revenue of $263.43 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Barnes & Noble Education from a “hold” rating to a “sell” rating in a research report on Thursday, September 12th.

Get Our Latest Stock Report on Barnes & Noble Education

Insider Buying and Selling at Barnes & Noble Education

In other news, Director Eric Singer acquired 18,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were bought at an average price of $8.15 per share, with a total value of $146,700.00. Following the acquisition, the director now owns 112,441 shares of the company’s stock, valued at $916,394.15. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.28% of the stock is currently owned by corporate insiders.

Institutional Trading of Barnes & Noble Education

An institutional investor recently bought a new position in Barnes & Noble Education stock. DCF Advisers LLC purchased a new stake in shares of Barnes & Noble Education, Inc. (NYSE:BNED – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 77,500 shares of the specialty retailer’s stock, valued at approximately $496,000. DCF Advisers LLC owned about 0.30% of Barnes & Noble Education at the end of the most recent quarter. 38.51% of the stock is owned by hedge funds and other institutional investors.

Barnes & Noble Education Company Profile

(Get Free Report)

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through Retail and Wholesale segments. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com.

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