Barnes & Noble Education, Inc. (NYSE:BNED) Short Interest Up 21.4% in February

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

Barnes & Noble Education Trading Up 2.5 %

Barnes & Noble Education stock traded up $0.24 during trading hours on Wednesday, reaching $9.94. 380,042 shares of the company’s stock traded hands, compared to its average volume of 384,556. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.71 and a current ratio of 1.31. Barnes & Noble Education has a fifty-two week low of $6.05 and a fifty-two week high of $135.00. The firm has a market capitalization of $338.46 million, a price-to-earnings ratio of -0.29 and a beta of 2.23. The firm’s 50 day moving average is $10.38 and its 200-day moving average is $10.38.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new position in Barnes & Noble Education during the 4th quarter valued at about $34,000. FNY Investment Advisers LLC acquired a new position in Barnes & Noble Education during the 4th quarter valued at about $49,000. Bank of America Corp DE lifted its position in Barnes & Noble Education by 1,412.1% during the 4th quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock valued at $62,000 after purchasing an additional 5,733 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Barnes & Noble Education by 362.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,328 shares of the specialty retailer’s stock valued at $94,000 after acquiring an additional 7,310 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Barnes & Noble Education in the 4th quarter valued at about $122,000. 38.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a research 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.