Short Interest in Big 5 Sporting Goods Co. (NASDAQ:BGFV) Declines By 13.4%

Big 5 Sporting Goods Co. (NASDAQ:BGFV) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,810,000 shares, a drop of 13.4% from the October 15th total of 2,090,000 shares. Based on an average daily trading volume, of 243,300 shares, the short-interest ratio is currently 7.4 days. Approximately 8.6% of the shares of the stock are short sold.

Big 5 Sporting Goods Price Performance

Big 5 Sporting Goods stock traded down $0.04 during midday trading on Monday, hitting $1.68. 66,817 shares of the company’s stock were exchanged, compared to its average volume of 356,894. The stock has a 50-day moving average price of $1.95 and a two-hundred day moving average price of $2.42. Big 5 Sporting Goods has a 52-week low of $1.45 and a 52-week high of $6.90. The company has a market cap of $38.14 million, a P/E ratio of -0.66 and a beta of 2.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.12 and a current ratio of 1.46.

Institutional Investors Weigh In On Big 5 Sporting Goods

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. RBF Capital LLC purchased a new position in Big 5 Sporting Goods in the 3rd quarter worth approximately $29,000. Koss Olinger Consulting LLC purchased a new position in Big 5 Sporting Goods in the second quarter worth $32,000. Empowered Funds LLC increased its stake in Big 5 Sporting Goods by 5.3% in the third quarter. Empowered Funds LLC now owns 115,117 shares of the company’s stock valued at $241,000 after acquiring an additional 5,762 shares during the last quarter. XTX Topco Ltd raised its position in Big 5 Sporting Goods by 26.2% during the second quarter. XTX Topco Ltd now owns 82,076 shares of the company’s stock valued at $243,000 after purchasing an additional 17,048 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in Big 5 Sporting Goods by 20.0% during the first quarter. Gabelli Funds LLC now owns 120,000 shares of the company’s stock worth $422,000 after purchasing an additional 20,000 shares during the last quarter. 41.98% of the stock is owned by hedge funds and other institutional investors.

About Big 5 Sporting Goods

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. Its products include athletic shoes, apparel, and accessories. The company also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.