Short Interest in Barnes & Noble Education, Inc. (NYSE:BNED) Drops By 20.3%

Barnes & Noble Education, Inc. (NYSE:BNED - Get Free Report) saw a significant decline in short interest during the month of 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. Approximately 11.0% of the company's shares are sold short. Based on an average trading volume of 341,500 shares, the days-to-cover ratio is currently 2.9 days.

Barnes & Noble Education Trading Down 0.4%

Shares of BNED traded down $0.05 during mid-day trading on Thursday, reaching $11.78. 247,520 shares of the company's stock traded hands, compared to its average volume of 419,592. The stock has a market cap of $400.99 million, a P/E ratio of -0.35 and a beta of 1.74. The stock's 50-day moving average is $10.28 and its two-hundred day moving average is $10.43. Barnes & Noble Education has a 12 month low of $6.05 and a 12 month high of $39.47. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.71.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in shares of Barnes & Noble Education during the fourth quarter valued at approximately $34,000. Geode Capital Management LLC grew its stake in shares of Barnes & Noble Education by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 156,807 shares of the specialty retailer's stock valued at $1,575,000 after buying an additional 3,968 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Barnes & Noble Education by 1,412.1% in the fourth quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer's stock valued at $62,000 after purchasing an additional 5,733 shares during the period. Cloud Capital Management LLC purchased a new stake in shares of Barnes & Noble Education in the first quarter valued at approximately $60,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Barnes & Noble Education by 362.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,328 shares of the specialty retailer's stock valued at $94,000 after purchasing an additional 7,310 shares during the period. Institutional investors own 38.51% of the company's stock.

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.