Short Interest in Barnes & Noble Education, Inc. (NYSE:BNED) Decreases By 97.1%

Barnes & Noble Education, Inc. (NYSE:BNED) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 370,700 shares, a decrease of 97.1% from the May 31st total of 12,900,000 shares. Based on an average daily volume of 378,900 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.6% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BNED. Needham & Company LLC reissued a “hold” rating on shares of Barnes & Noble Education in a research report on Friday, May 24th. StockNews.com started coverage on Barnes & Noble Education in a report on Wednesday, June 19th. They issued a “hold” rating on the stock.

Insider Transactions at Barnes & Noble Education

In related news, Director Rory Wallace acquired 202,480,772 shares of Barnes & Noble Education stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average cost of $0.05 per share, for a total transaction of $10,124,038.60. Following the acquisition, the director now owns 207,613,525 shares in the company, valued at $10,380,676.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.28% of the company’s stock.

Hedge Funds Weigh In On Barnes & Noble Education

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PEAK6 Investments LLC raised its stake in shares of Barnes & Noble Education by 258.6% in the third quarter. PEAK6 Investments LLC now owns 46,506 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 33,539 shares in the last quarter. Virtu Financial LLC acquired a new stake in Barnes & Noble Education in the 1st quarter valued at about $56,000. Finally, Greenhaven Road Investment Management L.P. boosted its stake in shares of Barnes & Noble Education by 1.7% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock valued at $7,832,000 after buying an additional 90,003 shares during the period. Hedge funds and other institutional investors own 38.51% of the company’s stock.

Barnes & Noble Education Trading Down 0.3 %

NYSE BNED opened at $6.40 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.50 and a current ratio of 0.90. The firm has a market cap of $3.39 million, a price-to-earnings ratio of -0.04 and a beta of 2.20. The firm has a 50 day simple moving average of $24.76 and a 200-day simple moving average of $69.03. Barnes & Noble Education has a one year low of $6.05 and a one year high of $226.00.

Barnes & Noble Education Company Profile

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.