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

Barnes & Noble Education, Inc. (NYSE:BNED - Get Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,070,000 shares, an increase of 21.0% from the November 30th total of 884,400 shares. Currently, 11.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 373,000 shares, the short-interest ratio is presently 2.9 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Barnes & Noble Education from a "sell" rating to a "hold" rating in a research note on Wednesday, December 18th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its position in Barnes & Noble Education by 104.0% in the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer's stock worth $1,416,000 after acquiring an additional 77,932 shares in the last quarter. DCF Advisers LLC bought a new stake in shares of Barnes & Noble Education in the 2nd quarter valued at approximately $496,000. Centiva Capital LP purchased a new position in shares of Barnes & Noble Education in the 3rd quarter worth approximately $169,000. Finally, State Street Corp increased its position 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 valued at $328,000 after purchasing an additional 10,300 shares during the last quarter. 38.51% of the stock is currently owned by institutional investors.

Barnes & Noble Education Price Performance

NYSE BNED traded up $0.16 during trading on Tuesday, hitting $10.04. 554,493 shares of the stock traded hands, compared to its average volume of 300,790. The company has a quick ratio of 0.42, a current ratio of 1.31 and a debt-to-equity ratio of 0.87. Barnes & Noble Education has a 12-month low of $6.05 and a 12-month high of $226.00. The firm has a 50-day simple moving average of $10.55 and a 200-day simple moving average of $10.02. The company has a market capitalization of $303.35 million, a P/E ratio of -0.30 and a beta of 2.10.

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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