What’s Propelling Barnes & Noble Incorporated (NYSE:BKS) After Higher Shorts Reported?

December 8, 2017 - By Adrian Mccoy

 What’s Propelling Barnes & Noble Incorporated (NYSE:BKS) After Higher Shorts Reported?

Investors sentiment increased to 1.48 in 2017 Q2. Its up 0.43, from 1.05 in 2017Q1. It is positive, as 22 investors sold Barnes & Noble, Inc. shares while 34 reduced holdings. 30 funds opened positions while 53 raised stakes. 51.43 million shares or 4.82% less from 54.04 million shares in 2017Q1 were reported.
25,008 are held by Kbc Group Nv. Nationwide Fund invested 0% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS). California Public Employees Retirement invested in 283,500 shares or 0% of the stock. Creative Planning stated it has 0% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS). Jacobs Levy Equity Mngmt holds 34,900 shares or 0.01% of its portfolio. State Of Tennessee Treasury Department reported 52,385 shares stake. Voya Management invested in 104,552 shares or 0% of the stock. Princeton Strategies Group Limited Liability Company accumulated 30,000 shares. Public Sector Pension Board stated it has 0% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS). Sandell Asset holds 0.37% or 194,313 shares in its portfolio. Parkside Fincl Bank And Tru, a Missouri-based fund reported 59 shares. Robeco Institutional Asset Bv holds 1.28 million shares. Pinnacle Limited Co holds 61,382 shares. Group Inc One Trading Limited Partnership holds 0% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS) for 6,072 shares. Bluecrest Management Limited reported 43,486 shares.

The stock of Barnes & Noble Incorporated (NYSE:BKS) registered an increase of 1.99% in short interest. BKS’s total short interest was 5.76 million shares in December as published by FINRA. Its up 1.99% from 5.64M shares, reported previously. With 716,100 shares average volume, it will take short sellers 8 days to cover their BKS’s short positions. The short interest to Barnes & Noble Incorporated’s float is 12.78%.

The stock increased 1.52% or $0.1 during the last trading session, reaching $6.7. About 1.56M shares traded or 30.42% up from the average. Barnes & Noble, Inc. (NYSE:BKS) has declined 38.50% since December 8, 2016 and is downtrending. It has underperformed by 55.20% the S&P500.

Barnes & Noble, Inc. operates as a content and commerce firm in the United States. The company has market cap of $486.73 million. Barnes & Noble, Inc. operates as a retailer of books, content, digital media, and educational products. It has a 30.73 P/E ratio. It sells trade books, including hardcover and paperback titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; and children’s books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café services and products, educational toys and games, and music and movies.

Barnes & Noble, Inc. (NYSE:BKS) Ratings Coverage

Among 6 analysts covering Barnes & Noble Inc. (NYSE:BKS), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Barnes & Noble Inc. has $25 highest and $17 lowest target. $20’s average target is 198.51% above currents $6.7 stock price. Barnes & Noble Inc. had 9 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was initiated by Sidoti with “Neutral” on Thursday, August 18. Cantor Fitzgerald initiated the stock with “Buy” rating in Wednesday, October 7 report. The stock of Barnes & Noble, Inc. (NYSE:BKS) has “Hold” rating given on Friday, December 1 by Craig Hallum. As per Monday, July 27, the company rating was initiated by Craig Hallum. The firm earned “Hold” rating on Wednesday, August 17 by Gabelli. The rating was initiated by Gabelli on Monday, October 12 with “Buy”. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, September 4 report. As per Friday, May 26, the company rating was upgraded by ValuEngine.

More notable recent Barnes & Noble, Inc. (NYSE:BKS) news were published by: Fool.com which released: “Why Barnes & Noble, Inc.’s Shares Popped 19% Today” on November 16, 2017, also Fool.com with their article: “Why Barnes & Noble Education Inc Stock Jumped on Tuesday” published on December 05, 2017, Forbes.com published: “Barnes & Noble Declines Takeover Offer” on November 26, 2017. More interesting news about Barnes & Noble, Inc. (NYSE:BKS) were released by: Thestreet.com and their article: “IRS Issues Key Bitcoin Ruling; Barnes & Noble Founder Hikes Stake — ICYMI” published on December 05, 2017 as well as Businesswire.com‘s news article titled: “Barnes & Noble Declares Quarterly Dividend” with publication date: November 30, 2017.

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