Barnes & Noble Education, Inc. (NYSE:BNED - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 787,000 shares, an increase of 21.4% from the February 13th total of 648,100 shares. Based on an average daily trading volume, of 510,300 shares, the days-to-cover ratio is presently 1.5 days. Approximately 7.2% of the shares of the company are sold short.
Barnes & Noble Education Price Performance
Shares of BNED stock traded up $0.17 during trading hours on Friday, reaching $9.85. The company's stock had a trading volume of 406,134 shares, compared to its average volume of 389,027. The firm's 50 day simple moving average is $10.38 and its 200-day simple moving average is $10.35. The company has a market capitalization of $335.43 million, a price-to-earnings ratio of -0.29 and a beta of 2.23. Barnes & Noble Education has a fifty-two week low of $6.05 and a fifty-two week high of $135.00. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.87.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP bought a new position in shares of Barnes & Noble Education in the 4th quarter worth about $34,000. FNY Investment Advisers LLC acquired a new stake in shares of Barnes & Noble Education in the 4th quarter valued at about $49,000. Bank of America Corp DE grew its stake in shares of Barnes & Noble Education by 1,412.1% in the 4th quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer's stock valued at $62,000 after buying an additional 5,733 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Barnes & Noble Education by 362.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,328 shares of the specialty retailer's stock valued at $94,000 after buying an additional 7,310 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Barnes & Noble Education in the 4th quarter valued at about $122,000. 38.51% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Barnes & Noble Education from a "sell" rating to a "hold" rating in a report on Tuesday, January 21st.
View Our Latest Analysis on BNED
About Barnes & Noble Education
(
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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.
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