Barnes & Noble Education, Inc. (NYSE:BNED) Short Interest Up 20.6% in February

Barnes & Noble Education, Inc. (NYSE:BNED - Get Free Report) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 648,100 shares, a growth of 20.6% from the January 31st total of 537,300 shares. Approximately 5.9% of the shares of the stock are sold short. Based on an average daily volume of 509,100 shares, the short-interest ratio is currently 1.3 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Barnes & Noble Education from a "sell" rating to a "hold" rating in a report on Tuesday, January 21st.

Barnes & Noble Education Price Performance

Shares of BNED stock traded up $0.51 during trading hours on Friday, hitting $9.54. 286,395 shares of the company's stock were exchanged, compared to its average volume of 399,364. The company has a market capitalization of $288.09 million, a PE ratio of -0.28 and a beta of 2.11. 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 has a 12-month low of $6.05 and a 12-month high of $135.00. The business's 50 day simple moving average is $10.54 and its 200-day simple moving average is $10.61.

Barnes & Noble Education (NYSE:BNED - Get Free Report) last issued its earnings results on Monday, December 9th. The specialty retailer reported $1.91 EPS for the quarter. Barnes & Noble Education had a negative net margin of 5.57% and a negative return on equity of 6.95%.

Remove Ads

Institutional Investors Weigh In On Barnes & Noble Education

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kanen Wealth Management LLC grew its position in Barnes & Noble Education by 49.6% during the 4th quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer's stock worth $23,748,000 after acquiring an additional 784,576 shares during the last quarter. Greenhaven Road Investment Management L.P. purchased a new position in shares of Barnes & Noble Education in the fourth quarter worth $5,220,000. Marshall Wace LLP raised its holdings in Barnes & Noble Education by 2,751.4% during the 4th quarter. Marshall Wace LLP now owns 304,335 shares of the specialty retailer's stock valued at $3,056,000 after buying an additional 293,662 shares during the last quarter. 683 Capital Management LLC lifted its holdings in shares of Barnes & Noble Education by 250.0% during the fourth quarter. 683 Capital Management LLC now owns 350,000 shares of the specialty retailer's stock valued at $3,514,000 after purchasing an additional 250,000 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. boosted its position in shares of Barnes & Noble Education by 383.3% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 290,000 shares of the specialty retailer's stock worth $2,912,000 after purchasing an additional 230,000 shares in the last quarter. Institutional investors own 38.51% of the company's stock.

Barnes & Noble Education Company Profile

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.