Barnes & Noble Education, Inc. (NYSE:BNED) Short Interest Down 12.4% in November

Barnes & Noble Education, Inc. (NYSE:BNED) was the recipient of a large decrease in short interest in 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. Based on an average trading volume of 325,600 shares, the short-interest ratio is currently 2.7 days. Currently, 8.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

Institutional Trading of Barnes & Noble Education

A number of large investors have recently modified their holdings of BNED. DCF Advisers LLC purchased a new position in Barnes & Noble Education in the second quarter valued at $496,000. Centiva Capital LP acquired a new stake in Barnes & Noble Education in the 3rd quarter valued at about $169,000. State Street Corp boosted its stake in shares of Barnes & Noble Education by 40.9% in the 3rd quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock valued at $328,000 after buying an additional 10,300 shares during the period. Finally, Geode Capital Management LLC boosted its stake 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 valued at $1,416,000 after buying an additional 77,932 shares during the period. Hedge funds and other institutional investors own 38.51% of the company’s stock.

Barnes & Noble Education Stock Down 2.2 %

BNED traded down $0.26 during trading hours on Tuesday, hitting $11.66. 837,065 shares of the company’s stock were exchanged, compared to its average volume of 282,926. The firm has a market cap of $352.30 million, a P/E ratio of -0.35 and a beta of 2.10. Barnes & Noble Education has a 12-month low of $6.05 and a 12-month high of $226.00. The company has a current ratio of 1.31, a quick ratio of 0.42 and a debt-to-equity ratio of 0.87. The firm has a 50 day moving average of $10.33 and a 200 day moving average of $10.03.

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.