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

Big 5 Sporting Goods Co. (NASDAQ:BGFV) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,810,000 shares, a drop of 13.4% from the October 15th total of 2,090,000 shares. Based on an average daily volume of 243,300 shares, the short-interest ratio is presently 7.4 days. Approximately 8.6% of the company’s shares are sold short.

Big 5 Sporting Goods Trading Down 2.8 %

Shares of BGFV opened at $1.72 on Friday. Big 5 Sporting Goods has a 1-year low of $1.45 and a 1-year high of $6.90. The firm has a market capitalization of $39.04 million, a price-to-earnings ratio of -0.66 and a beta of 2.31. The firm’s 50-day moving average price is $1.95 and its 200-day moving average price is $2.43. The company has a current ratio of 1.46, a quick ratio of 0.12 and a debt-to-equity ratio of 0.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Koss Olinger Consulting LLC bought a new stake in shares of Big 5 Sporting Goods in the 2nd quarter worth approximately $32,000. RBF Capital LLC bought a new stake in Big 5 Sporting Goods during the 3rd quarter valued at about $29,000. XTX Topco Ltd raised its holdings 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 worth $243,000 after acquiring an additional 17,048 shares during the last quarter. 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 valued at $358,000 after buying an additional 7,667 shares during the last quarter. Finally, Gabelli Funds LLC increased its holdings in Big 5 Sporting Goods by 20.0% in the 1st quarter. Gabelli Funds LLC now owns 120,000 shares of the company’s stock worth $422,000 after buying an additional 20,000 shares in the last quarter. Hedge funds and other institutional investors own 41.98% of the company’s stock.

About Big 5 Sporting Goods

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.