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

Barnes & Noble Education, Inc. (NYSE:BNED) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 884,400 shares, a decrease of 12.4% from the November 15th total of 1,010,000 shares. Approximately 8.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 325,600 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Centiva Capital LP purchased a new position in Barnes & Noble Education in the third quarter valued at about $169,000. State Street Corp grew its stake in shares of Barnes & Noble Education by 40.9% during the third quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock valued at $328,000 after acquiring an additional 10,300 shares in the last quarter. DCF Advisers LLC acquired a new stake in shares of Barnes & Noble Education during the second quarter valued at about $496,000. Finally, Geode Capital Management LLC grew its stake in shares of Barnes & Noble Education by 104.0% during the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after acquiring an additional 77,932 shares in the last quarter. Hedge funds and other institutional investors own 38.51% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st.

Barnes & Noble Education Trading Down 2.2 %

Shares of Barnes & Noble Education stock traded down $0.26 during trading hours on Tuesday, reaching $11.66. 835,686 shares of the company’s stock were exchanged, compared to its average volume of 282,913. 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 $352.30 million, a price-to-earnings ratio of -0.35 and a beta of 2.10. The company has a fifty day moving average of $10.33 and a 200-day moving average of $10.03. The company has a current ratio of 1.31, a quick ratio of 0.42 and a debt-to-equity ratio of 0.87.

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.