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

Barnes & Noble Education, Inc. (NYSE:BNED – Get Rating) was the target of a sharp rise in short-selling rates in August. As of Aug. 31, there were a total of 1.72 million shares shorted, up 14.7% from the Aug. 15 total of 1.5 million shares. Based on an average daily trading volume of 547,100 shares, the current short-term interest rate is 3.1 days. About 5.6% of the company’s shares have been sold short.

Institutional investors value Barnes & Noble education

Institutional investors recently bought and sold shares in the business. Covestor Ltd purchased new shares in Barnes & Noble Education for approximately $27,000 in the first quarter. ProShare Advisors LLC purchased shares of Barnes & Noble Education in the fourth quarter for $75,000. Syntax Advisors LLC bought Barnes & Noble Education stock for his $42,000 in the first quarter. Laurion Capital Management LP purchased shares of Barnes & Noble Education in the second quarter for $43,000. Finally, 626 Financial LLC purchased shares of Barnes & Noble Education in the fourth quarter for $116,000. 60.93% of the shares are currently owned by hedge funds and other institutional investors.

Barnes & Noble Education Price Performance

BNED opened at $2.62 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.09 and a debt to equity ratio of 1.25. Barnes & Noble Education has a 52-week low of $1.90 and a 52-week high of $12.01. The company has a 50-day moving average of $2.71 and a 200-day moving average of $3.03. The company has a market capitalization of $137.16 million, a P/E of -1.72 and a beta of 1.91.

Barnes & Noble Education (NYSE:BNED – Get Rating) last released its quarterly earnings data on Wednesday, June 29. The specialty retailer reported his earnings per share (EPS) ($0.22) for the quarter. Barnes & Noble Education had a return on equity of 28.56% and a net profit margin of 5.01%. Revenue for the business for the quarter was $260.83 million.

Wall Street analyst opinion

Recently, a number of research firms have published reports on BNED. Craig Hallum lowered his price target for Barnes & Noble Education to $5.00 in a report on Monday, July 4. Needham & Company LLC lowered Barnes & Noble’s price target on his education stock to $4.00 in a report on Monday, July 4. Finally, StockNews.com upgraded Barnes & Noble Education’s stock from a “sell” rating to a “pending” rating in his Wednesday, July 20 report.

Barnes & Noble Education Company Profile

(get rating)

Barnes & Noble Education, Inc. operates bookstores for college and university campuses and K-12 educational institutions in the United States. He operates in three segments: Retail, Wholesale and Digital Student Solutions. The company sells and rents new and used print and digital textbooks, publisher-hosted digital courseware through physical and virtual bookstores, and delivers them directly to students through Textbooks.com.

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