Big 5 Sporting Goods Co. (NASDAQ:BGFV) Short Interest Down 15.0% in July

Big 5 Sporting Goods Co. (NASDAQ:BGFV) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 2,210,000 shares, a decline of 15.0% from the July 15th total of 2,600,000 shares. Approximately 10.4% of the shares of the company are sold short. Based on an average trading volume of 430,300 shares, the days-to-cover ratio is currently 5.1 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Big 5 Sporting Goods from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th.

Big 5 Sporting Goods Price Performance

Shares of BGFV traded up $0.08 during trading hours on Friday, hitting $1.92. 374,940 shares of the company were exchanged, compared to its average volume of 406,542. The company has a market cap of $43.44 million, a price-to-earnings ratio of -2.67 and a beta of 2.34. The firm’s fifty day moving average is $2.54 and its 200 day moving average is $3.43. Big 5 Sporting Goods has a fifty-two week low of $1.45 and a fifty-two week high of $8.89. The company has a quick ratio of 0.17, a current ratio of 1.44 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On Big 5 Sporting Goods

A number of large investors have recently bought and sold shares of BGFV. Empowered Funds LLC boosted its holdings in shares of Big 5 Sporting Goods by 8.2% in the 1st quarter. Empowered Funds LLC now owns 101,615 shares of the company’s stock valued at $358,000 after purchasing an additional 7,667 shares in the last quarter. Gabelli Funds LLC boosted its stake in Big 5 Sporting Goods by 20.0% in the first quarter. Gabelli Funds LLC now owns 120,000 shares of the company’s stock valued at $422,000 after buying an additional 20,000 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in Big 5 Sporting Goods in the fourth quarter valued at about $68,000. Kingsview Wealth Management LLC raised its stake in Big 5 Sporting Goods by 324.7% during the first quarter. Kingsview Wealth Management LLC now owns 138,874 shares of the company’s stock worth $489,000 after acquiring an additional 106,175 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Big 5 Sporting Goods in the first quarter worth about $95,000. 41.98% of the stock is currently owned by institutional investors and hedge funds.

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.