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

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

Barnes & Noble Education Trading Up 15.4 %

Barnes & Noble Education stock traded up $1.77 during midday trading on Friday, reaching $13.28. The stock had a trading volume of 530,373 shares, compared to its average volume of 276,630. Barnes & Noble Education has a twelve month low of $6.05 and a twelve month high of $226.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.42. The firm has a market cap of $401.19 million, a price-to-earnings ratio of -0.39 and a beta of 2.10. The firm’s fifty day simple moving average is $10.27 and its two-hundred day simple moving average is $10.92.

Institutional Trading of Barnes & Noble Education

A number of institutional investors have recently bought and sold shares of the company. State Street Corp grew its position in Barnes & Noble Education by 40.9% during the third quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock worth $328,000 after buying an additional 10,300 shares in the last quarter. Centiva Capital LP acquired a new stake in Barnes & Noble Education during the third quarter valued at approximately $169,000. DCF Advisers LLC bought a new stake in shares of Barnes & Noble Education in the 2nd quarter valued at approximately $496,000. Finally, Geode Capital Management LLC raised its holdings in shares of Barnes & Noble Education by 104.0% in the 3rd quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock worth $1,416,000 after buying an additional 77,932 shares in the last quarter. Institutional investors and hedge funds own 38.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

Barnes & Noble Education Company Profile

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.