Big 5 Sporting Goods Co. (NASDAQ:BGFV) Short Interest Update

Big 5 Sporting Goods Co. (NASDAQ:BGFV) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 2,140,000 shares, a decline of 20.7% from the August 31st total of 2,700,000 shares. Based on an average trading volume of 435,800 shares, the days-to-cover ratio is currently 4.9 days. Approximately 10.1% of the shares of the stock are sold short.

Big 5 Sporting Goods Price Performance

BGFV traded up $0.04 on Friday, reaching $2.12. 166,321 shares of the company’s stock were exchanged, compared to its average volume of 381,860. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.44 and a quick ratio of 0.13. The stock has a market cap of $47.96 million, a PE ratio of -2.94 and a beta of 2.31. The stock’s fifty day moving average price is $1.99 and its 200-day moving average price is $2.80. Big 5 Sporting Goods has a twelve month low of $1.45 and a twelve month high of $8.04.

Big 5 Sporting Goods (NASDAQ:BGFV) last posted its earnings results on Tuesday, July 30th. The company reported ($0.46) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.02. The company had revenue of $199.82 million for the quarter. Big 5 Sporting Goods had a negative net margin of 3.05% and a negative return on equity of 10.53%.

Hedge Funds Weigh In On Big 5 Sporting Goods

Several institutional investors and hedge funds have recently bought and sold shares of BGFV. Empowered Funds LLC lifted its holdings in shares of Big 5 Sporting Goods by 8.2% in the 1st quarter. Empowered Funds LLC now owns 101,615 shares of the company’s stock worth $358,000 after acquiring an additional 7,667 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Big 5 Sporting Goods by 0.7% in 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 during the last quarter. Koss Olinger Consulting LLC acquired a new position in shares of Big 5 Sporting Goods in the 2nd quarter worth approximately $32,000. American Century Companies Inc. lifted its holdings in shares of Big 5 Sporting Goods by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 238,003 shares of the company’s stock worth $704,000 after acquiring an additional 11,185 shares during the last quarter. Finally, XTX Topco Ltd lifted its holdings in shares of Big 5 Sporting Goods by 26.2% in the 2nd quarter. XTX Topco Ltd now owns 82,076 shares of the company’s stock worth $243,000 after acquiring 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.