Short Interest in Barnes & Noble Education, Inc. (NYSE:BNED) Expands By 21.4%

Barnes & Noble Education, Inc. (NYSE:BNED) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 787,000 shares, an increase of 21.4% from the February 13th total of 648,100 shares. Based on an average trading volume of 510,300 shares, the days-to-cover ratio is presently 1.5 days. Approximately 7.2% of the shares of the company are short sold.

Barnes & Noble Education Trading Up 2.5 %

BNED opened at $9.94 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.71. The company’s 50 day simple moving average is $10.38 and its two-hundred day simple moving average is $10.38. The firm has a market capitalization of $338.46 million, a price-to-earnings ratio of -0.29 and a beta of 2.23. Barnes & Noble Education has a 1-year low of $6.05 and a 1-year high of $135.00.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Barnes & Noble Education from a “sell” rating to a “hold” rating in a research report on Tuesday, January 21st.

Institutional Trading of Barnes & Noble Education

Several institutional investors have recently added to or reduced their stakes in BNED. Quantbot Technologies LP purchased a new position in shares of Barnes & Noble Education in the 4th quarter valued at about $34,000. FNY Investment Advisers LLC purchased a new stake in shares of Barnes & Noble Education during the 4th quarter worth approximately $49,000. Bank of America Corp DE increased its holdings in Barnes & Noble Education by 1,412.1% during the 4th quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock valued at $62,000 after acquiring an additional 5,733 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Barnes & Noble Education by 362.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,328 shares of the specialty retailer’s stock worth $94,000 after acquiring an additional 7,310 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Barnes & Noble Education during the fourth quarter valued at approximately $122,000. Institutional investors and hedge funds own 38.51% of the company’s stock.

About Barnes & Noble Education

Barnes and Noble Education, Inc engages in the management and operation of bookstore chains in universities. It operates through the Retail and Wholesale segments. The Retail segment operates college, university, and K-12 school bookstores, physical bookstores, and virtual bookstores. The Wholesale segment sells and distributes new and used textbooks to physical bookstores.