Barnes & Noble Education, Inc. (NYSE:BNED) Short Interest Down 12.4% in November

Barnes & Noble Education, Inc. (NYSE:BNED - Get Free Report) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 884,400 shares, a decrease of 12.4% from the November 15th total of 1,010,000 shares. Approximately 8.0% of the shares of the stock are short sold. Based on an average trading volume of 325,600 shares, the short-interest ratio is presently 2.7 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Barnes & Noble Education from a "hold" rating to a "sell" rating in a research note on Thursday, November 21st.

Barnes & Noble Education Price Performance

Shares of Barnes & Noble Education stock traded up $1.77 during trading on Friday, reaching $13.28. 530,373 shares of the stock traded hands, compared to its average volume of 276,630. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.42. The company has a market capitalization of $401.19 million, a price-to-earnings ratio of -0.39 and a beta of 2.10. Barnes & Noble Education has a 52-week low of $6.05 and a 52-week high of $226.00. The business has a fifty day simple moving average of $10.27 and a two-hundred day simple moving average of $10.49.

Hedge Funds Weigh In On Barnes & Noble Education

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Barnes & Noble Education by 104.0% during the 3rd quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer's stock valued at $1,416,000 after acquiring an additional 77,932 shares during the last quarter. DCF Advisers LLC purchased a new stake in Barnes & Noble Education during the second quarter valued at $496,000. Centiva Capital LP bought a new position in Barnes & Noble Education during the third quarter valued at $169,000. Finally, State Street Corp grew its stake in shares of Barnes & Noble Education by 40.9% in the 3rd quarter. State Street Corp now owns 35,463 shares of the specialty retailer's stock worth $328,000 after buying an additional 10,300 shares in the last quarter. Hedge funds and other institutional investors own 38.51% of the company's stock.

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.