What Next for Big Lots Inc (NYSE:BIG) Stock After Increase in Shorted Shares?

Big Lots, Inc. (NYSE:BIG) Logo

Investors sentiment decreased to 0.77 in 2018 Q2. Its down 0.20, from 0.97 in 2018Q1. It dropped, as 69 investors sold Big Lots, Inc. shares while 82 reduced holdings. 37 funds opened positions while 80 raised stakes. 45.33 million shares or 9.08% less from 49.86 million shares in 2018Q1 were reported.
Edgestream Prtnrs L P accumulated 90,196 shares or 0.77% of the stock. Voya Management invested in 1.09 million shares. State Of Tennessee Treasury Department accumulated 0.02% or 94,200 shares. Blackrock Inc stated it has 5.11 million shares. Bridgeway Capital Management Incorporated has invested 0.04% in Big Lots, Inc. (NYSE:BIG). Dean Inv Assoc Lc holds 83,403 shares. Leuthold Gru Limited Liability has invested 0.55% in Big Lots, Inc. (NYSE:BIG). Moreover, Renaissance Techs Limited Com has 0.01% invested in Big Lots, Inc. (NYSE:BIG). Orrstown has 65 shares. Janney Montgomery Scott holds 0.01% or 20,235 shares. State Board Of Administration Of Florida Retirement Systems reported 25,856 shares. Weiss Multi reported 95,000 shares stake. Creative Planning holds 0% of its portfolio in Big Lots, Inc. (NYSE:BIG) for 9,468 shares. Regions Fin, a Alabama-based fund reported 909 shares. Oregon Employees Retirement Fund invested in 0.01% or 17,268 shares.

Since August 20, 2018, it had 0 insider purchases, and 1 insider sale for $1.95 million activity.

The stock of Big Lots Inc (NYSE:BIG) registered an increase of 11.36% in short interest. BIG’s total short interest was 10.68M shares in December as published by FINRA. Its up 11.36% from 9.59M shares, reported previously. With 2.00M shares average volume, it will take short sellers 5 days to cover their BIG’s short positions. The short interest to Big Lots Inc’s float is 26.74%.

The stock decreased 5.05% or $2.23 during the last trading session, reaching $41.91. About 1.36 million shares traded or 32.84% up from the average. Big Lots, Inc. (NYSE:BIG) has declined 12.81% since December 6, 2017 and is downtrending. It has underperformed by 28.43% the S&P500.

Big Lots, Inc., through its subsidiaries, operates as a non-traditional, discount retailer in the United States. The company has market cap of $1.69 billion. The firm offers products under various merchandising categories, such as food category that includes beverage and grocery, candy and snacks, and specialty foods departments; consumables category, which comprises health and beauty, plastics, paper, chemical, and pet departments; soft home category that consists of home décor, frames, fashion bedding, utility bedding, bath, window, decorative textile, and area rugs departments; hard home category, including small appliances, table top, food preparation, stationery, greeting cards, and home maintenance departments; and furniture category consisting of upholstery, mattress, ready-to-assemble, and case goods departments. It has a 10.73 P/E ratio. It also provides merchandise under the seasonal category that includes lawn and garden, summer, Christmas, and other holiday departments; and electronics, toys, and accessories category, including electronics, jewelry, hosiery, toys, and infant accessories departments.

Big Lots, Inc. (NYSE:BIG) Ratings Coverage

Among 4 analysts covering Big Lots (NYSE:BIG), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Big Lots had 4 analyst reports since June 7, 2018 according to SRatingsIntel. The firm earned “Overweight” rating on Monday, November 19 by PiperJaffray.

More notable recent Big Lots, Inc. (NYSE:BIG) news were published by: Investorplace.com which released: “3 Big Stock Charts for Tuesday: Morgan Stanley, Ross Stores and Dominion Energy – Investorplace.com” on December 04, 2018, also Benzinga.com with their article: “Morgan Stanley’s Bearish Stance On Hertz Unchanged Despite Big Q3 Beat (NYSE:HTZ) – Benzinga” published on November 09, 2018, Benzinga.com published: “Street’s Reaction To Salesforce’s Big Q3 Beat (NYSE:CRM) – Benzinga” on November 28, 2018. More interesting news about Big Lots, Inc. (NYSE:BIG) were released by: Investorplace.com and their article: “3 Big Stock Charts for Friday: Hologic, Newell Brands and Juniper Networks – Investorplace.com” published on November 30, 2018 as well as Investorplace.com‘s news article titled: “3 Big Stock Charts for Monday: Visa, Copart and Paypal Holdings – Investorplace.com” with publication date: November 26, 2018.

Big Lots, Inc. (NYSE:BIG) Institutional Positions Chart

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