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

Barnes & Noble Education, Inc. (NYSE:BNED) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 787,000 shares, a growth of 21.4% from the February 13th total of 648,100 shares. Currently, 7.2% of the company’s shares are sold short. Based on an average daily volume of 510,300 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BNED. Geode Capital Management LLC lifted its stake in Barnes & Noble Education by 104.0% during the 3rd quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after acquiring an additional 77,932 shares during the period. AMH Equity Ltd purchased a new stake in Barnes & Noble Education during the 4th quarter valued at approximately $803,000. Kanen Wealth Management LLC lifted its stake in Barnes & Noble Education by 49.6% in the 4th quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer’s stock worth $23,748,000 after purchasing an additional 784,576 shares in the last quarter. State Street Corp grew its holdings in shares of Barnes & Noble Education by 40.9% in the third quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock valued at $328,000 after purchasing an additional 10,300 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. raised its holdings in Barnes & Noble Education by 383.3% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 290,000 shares of the specialty retailer’s stock valued at $2,912,000 after buying an additional 230,000 shares during the period. Institutional investors own 38.51% of the company’s stock.

Barnes & Noble Education Price Performance

BNED opened at $9.94 on Thursday. The stock has a market capitalization of $338.46 million, a P/E ratio of -0.29 and a beta of 2.23. Barnes & Noble Education has a 12-month low of $6.05 and a 12-month high of $135.00. The stock has a 50-day moving average price of $10.38 and a 200-day moving average price of $10.38. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.87.

Analysts Set New Price Targets

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

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.