Barnes & Noble Education, Inc. (NYSE:BNED) Short Interest Down 97.1% in June

Barnes & Noble Education, Inc. (NYSE:BNED) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 370,700 shares, a decline of 97.1% from the May 31st total of 12,900,000 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average trading volume of 378,900 shares, the short-interest ratio is presently 1.0 days.

Analyst Ratings Changes

Several research analysts have recently commented on the company. 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 Barnes & Noble Education in a research note on Wednesday, June 19th. They issued a “hold” rating for the company.

Insider Activity at Barnes & Noble Education

In related news, Director Rory Wallace bought 202,480,772 shares of Barnes & Noble Education stock in a transaction on Monday, June 10th. The stock was acquired at an average price of $0.05 per share, with a total value 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Barnes & Noble Education

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in shares of Barnes & Noble Education during the first quarter valued at approximately $56,000. Greenhaven Road Investment Management L.P. raised its holdings in Barnes & Noble Education by 1.7% in the fourth quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock worth $7,832,000 after purchasing an additional 90,003 shares in the last quarter. Finally, PEAK6 Investments LLC raised its holdings in Barnes & Noble Education by 258.6% in the third quarter. PEAK6 Investments LLC now owns 46,506 shares of the specialty retailer’s stock worth $51,000 after purchasing an additional 33,539 shares in the last quarter. Institutional investors own 38.51% of the company’s stock.

Barnes & Noble Education Stock Performance

Shares of BNED stock opened at $6.44 on Friday. 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 has a fifty-two week low of $6.05 and a fifty-two week high of $226.00. The stock has a 50 day moving average price of $25.09 and a two-hundred day moving average price of $69.86.

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.