Short Interest in Big 5 Sporting Goods Co. (NASDAQ:BGFV) Grows By 13.6%

Big 5 Sporting Goods Co. (NASDAQ:BGFV) was the target of a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 2,510,000 shares, a growth of 13.6% from the July 31st total of 2,210,000 shares. Based on an average daily trading volume, of 439,700 shares, the short-interest ratio is presently 5.7 days. Approximately 11.9% of the company’s shares are short sold.

Big 5 Sporting Goods Trading Up 1.6 %

Shares of Big 5 Sporting Goods stock traded up $0.03 during trading hours on Friday, hitting $1.88. The company’s stock had a trading volume of 232,344 shares, compared to its average volume of 396,919. Big 5 Sporting Goods has a 12 month low of $1.45 and a 12 month high of $8.62. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.44 and a quick ratio of 0.17. The company has a market capitalization of $42.53 million, a PE ratio of -2.61 and a beta of 2.34. The stock has a 50 day moving average of $2.29 and a 200 day moving average of $3.20.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Big 5 Sporting Goods from a “hold” rating to a “sell” rating in a report on Saturday, May 4th.

Institutional Trading of Big 5 Sporting Goods

Several hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC boosted its position in shares of Big 5 Sporting Goods by 8.2% during the first quarter. Empowered Funds LLC now owns 101,615 shares of the company’s stock worth $358,000 after buying an additional 7,667 shares during the period. Vanguard Group Inc. grew its stake in shares of Big 5 Sporting Goods by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,147,633 shares of the company’s stock worth $4,040,000 after acquiring an additional 8,139 shares in the last quarter. Koss Olinger Consulting LLC acquired a new position in Big 5 Sporting Goods during the second quarter worth $32,000. American Century Companies Inc. grew its position in Big 5 Sporting Goods by 4.9% in the second quarter. American Century Companies Inc. now owns 238,003 shares of the company’s stock valued at $704,000 after purchasing an additional 11,185 shares in the last quarter. Finally, XTX Topco Ltd increased its stake in Big 5 Sporting Goods by 26.2% in the 2nd quarter. XTX Topco Ltd now owns 82,076 shares of the company’s stock valued at $243,000 after buying an additional 17,048 shares during the last quarter. 41.98% of the stock is currently owned by institutional investors and hedge funds.

Big 5 Sporting Goods Company Profile

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. Its products include athletic shoes, apparel, and accessories. The company also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.