Barnes & Noble Education, Inc. (NYSE:BNED) Short Interest Update

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

Hedge Funds Weigh In On Barnes & Noble Education

Large investors have recently bought and sold shares of the business. Centiva Capital LP bought a new position in Barnes & Noble Education in the third quarter worth about $169,000. State Street Corp raised its holdings in shares of Barnes & Noble Education by 40.9% during the third quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock valued at $328,000 after buying an additional 10,300 shares during the last quarter. DCF Advisers LLC bought a new stake in shares of Barnes & Noble Education during the second quarter valued at approximately $496,000. Finally, Geode Capital Management LLC raised its holdings in shares of Barnes & Noble Education by 104.0% during the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after buying an additional 77,932 shares during the last quarter. Institutional investors own 38.51% of the company’s stock.

Barnes & Noble Education Stock Performance

NYSE BNED traded down $0.26 during trading hours on Tuesday, reaching $11.66. The company’s stock had a trading volume of 835,686 shares, compared to its average volume of 282,913. The company has a current ratio of 1.31, a quick ratio of 0.42 and a debt-to-equity ratio of 0.87. The business has a 50-day simple moving average of $10.33 and a 200 day simple moving average of $10.03. Barnes & Noble Education has a 52 week low of $6.05 and a 52 week high of $226.00. The stock has a market cap of $352.30 million, a PE ratio of -0.35 and a beta of 2.10.

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 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.