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

Barnes & Noble Education, Inc. (NYSE:BNED) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 370,700 shares, a decline of 97.1% from the May 31st total of 12,900,000 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 378,900 shares, the short-interest ratio is presently 1.0 days.

Insider Transactions at Barnes & Noble Education

In related news, Director Rory Wallace purchased 202,480,772 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average cost of $0.05 per share, with a total value of $10,124,038.60. Following the completion of the acquisition, the director now directly owns 207,613,525 shares of the company’s stock, valued at approximately $10,380,676.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.28% of the company’s stock.

Institutional Trading of Barnes & Noble Education

Several institutional investors have recently added to or reduced their stakes in BNED. PEAK6 Investments LLC grew its position in shares of Barnes & Noble Education by 258.6% during the third quarter. PEAK6 Investments LLC now owns 46,506 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 33,539 shares during the last quarter. Greenhaven Road Investment Management L.P. grew its position in shares of Barnes & Noble Education by 1.7% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock worth $7,832,000 after acquiring an additional 90,003 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Barnes & Noble Education during the first quarter worth about $56,000. Institutional investors own 38.51% of the company’s stock.

Barnes & Noble Education Stock Performance

BNED stock traded down $0.61 during trading on Thursday, hitting $6.41. 515,393 shares of the company’s stock traded hands, compared to its average volume of 210,518. The company has a quick ratio of 0.50, a current ratio of 0.90 and a debt-to-equity ratio of 0.31. Barnes & Noble Education has a 52 week low of $6.05 and a 52 week high of $226.00. The stock has a fifty day moving average price of $25.44 and a two-hundred day moving average price of $70.30. The stock has a market capitalization of $3.40 million, a price-to-earnings ratio of -0.04 and a beta of 2.20.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Barnes & Noble Education in a report on Friday, May 24th. StockNews.com started coverage on shares of Barnes & Noble Education in a research note on Wednesday, June 19th. They set a “hold” rating for the company.

About Barnes & Noble Education

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through Retail and Wholesale segments. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com.