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

Barnes & Noble Education, Inc. (NYSE:BNED) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 437,100 shares, an increase of 16.5% from the June 30th total of 375,300 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average daily volume of 529,900 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Barnes & Noble Education in a report on Friday, May 24th. StockNews.com initiated coverage on shares of Barnes & Noble Education in a research note on Wednesday, June 19th. They issued a “hold” rating on the stock.

Barnes & Noble Education Price Performance

Shares of NYSE:BNED opened at $10.30 on Wednesday. The firm’s 50 day moving average is $17.63 and its two-hundred day moving average is $47.72. Barnes & Noble Education has a 52 week low of $6.05 and a 52 week high of $226.00. The firm has a market capitalization of $269.96 million, a P/E ratio of -0.13 and a beta of 2.10. The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 0.31.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings results on Monday, July 1st. The specialty retailer reported ($7.11) EPS for the quarter. Barnes & Noble Education had a negative net margin of 4.03% and a negative return on equity of 37.91%. The firm had revenue of $235.92 million during the quarter.

Insider Activity

In related news, Director Rory Wallace bought 202,480,772 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were acquired at an average price of $0.05 per share, for a total transaction of $10,124,038.60. Following the purchase, the director now owns 207,613,525 shares in the company, valued at approximately $10,380,676.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Barnes & Noble Education news, Director William C. Martin bought 38,000 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were purchased at an average price of $7.19 per share, with a total value of $273,220.00. Following the completion of the acquisition, the director now directly owns 125,441 shares of the company’s stock, valued at approximately $901,920.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rory Wallace bought 202,480,772 shares of the business’s stock in a transaction on Monday, June 10th. The stock was acquired at an average cost of $0.05 per share, for a total transaction of $10,124,038.60. Following the acquisition, the director now directly owns 207,613,525 shares of the company’s stock, valued at $10,380,676.25. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 202,596,772 shares of company stock worth $10,962,759. 5.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Barnes & Noble Education

An institutional investor recently bought a new position in Barnes & Noble Education stock. Virtu Financial LLC acquired a new stake in shares of Barnes & Noble Education, Inc. (NYSE:BNED) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 76,733 shares of the specialty retailer’s stock, valued at approximately $56,000. Virtu Financial LLC owned 0.14% of Barnes & Noble Education at the end of the most recent reporting period. Institutional investors own 38.51% of the company’s stock.

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.