Barnes & Noble Education, Inc. (NYSE:BNED) Short Interest Up 69.4% in September

Barnes & Noble Education, Inc. (NYSE:BNED) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 1,220,000 shares, an increase of 69.4% from the September 15th total of 720,000 shares. Based on an average trading volume of 347,900 shares, the short-interest ratio is currently 3.5 days. Approximately 13.6% of the shares of the stock are short sold.

Barnes & Noble Education Trading Down 0.6 %

NYSE BNED traded down $0.05 during trading on Monday, reaching $8.89. 26,304 shares of the stock traded hands, compared to its average volume of 259,741. The firm has a market cap of $232.99 million, a price-to-earnings ratio of -0.11 and a beta of 2.12. The stock’s 50-day moving average price is $10.88 and its 200 day moving average price is $21.06. The company has a quick ratio of 0.42, a current ratio of 1.23 and a debt-to-equity ratio of 1.54. Barnes & Noble Education has a fifty-two week low of $6.05 and a fifty-two week high of $226.00.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings results on Tuesday, September 10th. The specialty retailer reported ($3.07) earnings per share for the quarter. The company had revenue of $263.43 million during the quarter. Barnes & Noble Education had a negative net margin of 7.17% and a negative return on equity of 27.68%.

Insider Activity

In other news, Director Eric Singer purchased 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was purchased at an average cost of $8.15 per share, with a total value of $146,700.00. Following the acquisition, the director now directly owns 112,441 shares of the company’s stock, valued at approximately $916,394.15. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.28% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Barnes & Noble Education stock. DCF Advisers LLC acquired a new position in Barnes & Noble Education, Inc. (NYSE:BNED) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 77,500 shares of the specialty retailer’s stock, valued at approximately $496,000. DCF Advisers LLC owned approximately 0.30% of Barnes & Noble Education as of its most recent SEC filing. Institutional investors and hedge funds own 38.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Thursday, September 12th.

About Barnes & Noble Education

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.