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

Barnes & Noble Education, Inc. (NYSE:BNED - Get Free Report) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totalling 980,600 shares, a decline of 20.3% from the April 30th total of 1,230,000 shares. Based on an average trading volume of 341,500 shares, the days-to-cover ratio is currently 2.9 days. Currently, 11.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Barnes & Noble Education

Several hedge funds have recently bought and sold shares of BNED. AMH Equity Ltd purchased a new position in Barnes & Noble Education in the 4th quarter worth about $803,000. Charles Schwab Investment Management Inc. bought a new position in shares of Barnes & Noble Education during the 4th quarter valued at approximately $127,000. Prescott Group Capital Management L.L.C. raised its position in shares of Barnes & Noble Education by 383.3% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 290,000 shares of the specialty retailer's stock valued at $2,912,000 after purchasing an additional 230,000 shares during the period. DCF Advisers LLC grew its position in shares of Barnes & Noble Education by 107.9% during the fourth quarter. DCF Advisers LLC now owns 175,713 shares of the specialty retailer's stock worth $1,764,000 after purchasing an additional 91,213 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Barnes & Noble Education during the fourth quarter worth $34,000. Institutional investors own 38.51% of the company's stock.

Barnes & Noble Education Stock Performance

Shares of BNED stock traded up $0.10 during trading on Tuesday, hitting $12.05. The company's stock had a trading volume of 262,798 shares, compared to its average volume of 418,998. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.87. The company has a market cap of $410.18 million, a PE ratio of -0.36 and a beta of 1.74. Barnes & Noble Education has a 52 week low of $6.05 and a 52 week high of $54.90. The business has a fifty day moving average of $10.19 and a 200-day moving average of $10.40.

Analyst Ratings Changes

Separately, Wall Street Zen cut Barnes & Noble Education from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st.

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.