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

Big 5 Sporting Goods Co. (NASDAQ:BGFV) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 2,140,000 shares, a decrease of 20.7% from the August 31st total of 2,700,000 shares. Currently, 10.1% of the company’s stock are short sold. Based on an average daily trading volume, of 435,800 shares, the short-interest ratio is currently 4.9 days.

Big 5 Sporting Goods Stock Up 1.9 %

Shares of NASDAQ:BGFV traded up $0.04 during trading hours on Friday, reaching $2.12. The stock had a trading volume of 166,321 shares, compared to its average volume of 381,860. Big 5 Sporting Goods has a 1 year low of $1.45 and a 1 year high of $8.04. The firm’s 50 day moving average is $1.99 and its 200-day moving average is $2.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.13 and a current ratio of 1.44. The stock has a market capitalization of $47.96 million, a price-to-earnings ratio of -2.94 and a beta of 2.31.

Big 5 Sporting Goods (NASDAQ:BGFV) last announced its quarterly earnings data on Tuesday, July 30th. The company reported ($0.46) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.02. Big 5 Sporting Goods had a negative net margin of 3.05% and a negative return on equity of 10.53%. The company had revenue of $199.82 million for the quarter.

Institutional Investors Weigh In On Big 5 Sporting Goods

A number of large investors have recently modified their holdings of BGFV. Vanguard Group Inc. grew its position in shares of Big 5 Sporting Goods by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,147,633 shares of the company’s stock valued at $4,040,000 after buying an additional 8,139 shares during the last quarter. Empowered Funds LLC grew its position in shares of Big 5 Sporting Goods by 8.2% in the 1st 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. Gabelli Funds LLC grew its position in shares of Big 5 Sporting Goods by 20.0% in the 1st quarter. Gabelli Funds LLC now owns 120,000 shares of the company’s stock valued at $422,000 after buying an additional 20,000 shares during the last quarter. Kingsview Wealth Management LLC grew its position in shares of Big 5 Sporting Goods by 324.7% in the 1st quarter. Kingsview Wealth Management LLC now owns 138,874 shares of the company’s stock valued at $489,000 after buying an additional 106,175 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Big 5 Sporting Goods in the 1st quarter valued at $95,000. 41.98% of the stock is owned by hedge funds and other institutional investors.

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.