Short Interest in Barnes & Noble Education, Inc. (NYSE:BNED) Expands By 21.4%

by · The Cerbat Gem

Barnes & Noble Education, Inc. (NYSE:BNED – Get Free Report) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 787,000 shares, a growth of 21.4% from the February 13th total of 648,100 shares. Currently, 7.2% of the shares of the company are sold short. Based on an average daily volume of 510,300 shares, the short-interest ratio is presently 1.5 days.

Institutional Investors Weigh In On Barnes & Noble Education

Several hedge funds have recently bought and sold shares of the stock. Centiva Capital LP acquired a new stake in Barnes & Noble Education during the 3rd quarter worth approximately $169,000. State Street Corp grew its holdings in shares of Barnes & Noble Education by 40.9% during the 3rd quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock worth $328,000 after purchasing an additional 10,300 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Barnes & Noble Education by 104.0% in the 3rd quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after buying an additional 77,932 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Barnes & Noble Education during the fourth quarter worth $49,000. Finally, Kanen Wealth Management LLC grew its position in Barnes & Noble Education by 49.6% in the fourth quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer’s stock valued at $23,748,000 after acquiring an additional 784,576 shares during the last quarter. 38.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised Barnes & Noble Education from a “sell” rating to a “hold” rating in a research report on Tuesday, January 21st.

Check Out Our Latest Report on BNED

Barnes & Noble Education Stock Performance

Shares of NYSE:BNED traded down $0.03 on Tuesday, hitting $9.70. The company had a trading volume of 202,160 shares, compared to its average volume of 384,576. The stock has a market cap of $330.32 million, a price-to-earnings ratio of -0.29 and a beta of 2.23. The stock has a 50 day moving average price of $10.38 and a 200 day moving average price of $10.38. Barnes & Noble Education has a 1-year low of $6.05 and a 1-year high of $135.00. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.87.

Barnes & Noble Education Company Profile

(Get Free Report)

Barnes and Noble Education, Inc engages in the management and operation of bookstore chains in universities. It operates through the Retail and Wholesale segments. The Retail segment operates college, university, and K-12 school bookstores, physical bookstores, and virtual bookstores. The Wholesale segment sells and distributes new and used textbooks to physical bookstores.

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