Big 5 Sporting Goods Co. (NASDAQ:BGFV – Get Free Report) 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.
Read Our Latest Analysis on BGFV
Big 5 Sporting Goods Price Performance
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.
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