Barnes & Noble Education, Inc. (NYSE:BNED) Short Interest Down 33.5% in December

Barnes & Noble Education, Inc. (NYSE:BNED) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 711,300 shares, a decrease of 33.5% from the December 15th total of 1,070,000 shares. Currently, 7.9% of the shares of the company are sold short. Based on an average daily volume of 452,800 shares, the days-to-cover ratio is currently 1.6 days.

Barnes & Noble Education Stock Down 7.3 %

Barnes & Noble Education stock opened at $10.60 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 0.42. 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 fifty day moving average price of $10.66 and a two-hundred day moving average price of $10.28. The firm has a market cap of $320.27 million, a price-to-earnings ratio of -0.31 and a beta of 2.12.

Wall Street Analyst Weigh In

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

Institutional Trading of Barnes & Noble Education

Several hedge funds have recently added to or reduced their stakes in BNED. DCF Advisers LLC bought a new position in Barnes & Noble Education in the 2nd quarter worth approximately $496,000. Centiva Capital LP acquired a new stake in shares of Barnes & Noble Education in the third quarter worth $169,000. State Street Corp grew its stake 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 worth $328,000 after acquiring an additional 10,300 shares during the last quarter. Geode Capital Management LLC increased its position in Barnes & Noble Education by 104.0% during the third quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock worth $1,416,000 after acquiring an additional 77,932 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in Barnes & Noble Education during the 4th quarter valued at $49,000. Institutional investors own 38.51% of the company’s stock.

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.