Big 5 Sporting Goods Co. (NASDAQ:BGFV) Sees Significant Drop in Short Interest

Big 5 Sporting Goods Co. (NASDAQ:BGFV) was the target of a large decrease in short interest in 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. Based on an average daily volume of 435,800 shares, the days-to-cover ratio is currently 4.9 days. Currently, 10.1% of the company’s shares are sold short.

Institutional Trading of Big 5 Sporting Goods

A number of hedge funds and other institutional investors have recently modified their holdings of BGFV. 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 worth $489,000 after buying an additional 106,175 shares during the period. Gamco Investors INC. ET AL grew its position 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 buying an additional 60,600 shares during the period. Gabelli Funds LLC grew its position in shares of Big 5 Sporting Goods by 150.0% in the 4th quarter. Gabelli Funds LLC now owns 100,000 shares of the company’s stock worth $634,000 after buying an additional 60,000 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Big 5 Sporting Goods in the 1st quarter worth about $95,000. Finally, XTX Topco Ltd grew its position in shares of Big 5 Sporting Goods by 26.2% in the 2nd quarter. XTX Topco Ltd now owns 82,076 shares of the company’s stock worth $243,000 after buying an additional 17,048 shares during the period. 41.98% of the stock is owned by hedge funds and other institutional investors.

Big 5 Sporting Goods Trading Up 1.9 %

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

Big 5 Sporting Goods (NASDAQ:BGFV) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.46) EPS for the quarter, topping the consensus estimate 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 business had revenue of $199.82 million during the quarter.

Big 5 Sporting Goods Company Profile

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.