Barnes & Noble Education, Inc. (NYSE:BNED – Get Free Report) 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.
Get Our Latest Research Report on BNED
Insider Transactions at Barnes & Noble Education
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.
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