Big 5 Sporting Goods Co. (NASDAQ:BGFV) Short Interest Down 13.4% in October

Big 5 Sporting Goods Co. (NASDAQ:BGFV) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 1,810,000 shares, a decline 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 currently 7.4 days. Currently, 8.6% of the shares of the company are short sold.

Institutional Trading of Big 5 Sporting Goods

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC grew its stake in shares of Big 5 Sporting Goods by 8.2% during the 1st quarter. Empowered Funds LLC now owns 101,615 shares of the company’s stock valued at $358,000 after purchasing an additional 7,667 shares during the period. Kingsview Wealth Management LLC boosted its stake in shares of Big 5 Sporting Goods by 324.7% during the 1st quarter. Kingsview Wealth Management LLC now owns 138,874 shares of the company’s stock worth $489,000 after acquiring an additional 106,175 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Big 5 Sporting Goods by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,147,633 shares of the company’s stock valued at $4,040,000 after acquiring an additional 8,139 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Big 5 Sporting Goods by 27.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 280,600 shares of the company’s stock worth $988,000 after purchasing an additional 60,600 shares in the last quarter. Finally, Gabelli Funds LLC raised 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 purchasing an additional 20,000 shares during the period. Hedge funds and other institutional investors own 41.98% of the company’s stock.

Big 5 Sporting Goods Price Performance

Shares of BGFV opened at $1.72 on Friday. The firm has a market cap of $39.04 million, a PE ratio of -0.66 and a beta of 2.31. Big 5 Sporting Goods has a 1-year low of $1.45 and a 1-year high of $6.90. The company has a current ratio of 1.46, a quick ratio of 0.12 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $1.95 and a two-hundred day simple moving average of $2.43.

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.