Short Interest Change: After Reaching Milestone, Is Big Lots Incorporated (NYSE:BIG)’s Short Interest Revealing Something?

November 25, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Change: After Reaching Milestone, Is Big Lots Incorporated (NYSE:BIG)’s Short Interest Revealing Something?

The stock of Big Lots Incorporated (NYSE:BIG) registered a decrease of 7.28% in short interest. BIG’s total short interest was 12.71 million shares in November as published by FINRA. Its down 7.28% from 13.71 million shares, reported previously. With 841,200 shares average volume, it will take short sellers 15 days to cover their BIG’s short positions. The short interest to Big Lots Incorporated’s float is 28.84%. The stock decreased 0.34% or $0.18 during the last trading session, hitting $52.41. About 302,622 shares traded hands. Big Lots, Inc. (NYSE:BIG) has risen 13.71% since April 22, 2016 and is uptrending. It has outperformed by 8.30% the S&P500.

Big Lots, Inc. is a non-traditional, discount retailer operating in the United States. The company has a market cap of $2.31 billion. The Firm operates through the discount retailing segment. It has a 16.47 P/E ratio.

Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.03, from 0.96 in 2016Q1. The ratio is negative, as 29 funds sold all Big Lots, Inc. shares owned while 109 reduced positions. 48 funds bought stakes while 85 increased positions. They now own 54.22 million shares or 7.02% less from 58.31 million shares in 2016Q1.
Swiss Commercial Bank accumulated 0.01% or 83,600 shares. Hancock accumulated 0.03% or 16,585 shares. Legg Mason Asset Mgmt (Japan) Limited last reported 13,600 shares in the company. Bogle Investment Mgmt L P De reported 246,740 shares or 0.86% of all its holdings. Liberty Mutual Group Inc Asset Management accumulated 21,505 shares or 0.04% of the stock. Barclays Public Limited Company holds 0% or 4,492 shares in its portfolio. Great West Life Assurance Com Can reported 5,117 shares or 0% of all its holdings. Moreover, Loomis Sayles & Ltd Partnership has 0% invested in Big Lots, Inc. (NYSE:BIG) for 228 shares. Eulav Asset last reported 19,800 shares in the company. Jpmorgan Chase Company accumulated 200,184 shares or 0% of the stock. Tci Wealth Advisors Inc reported 14 shares or 0% of all its holdings. Century Mngmt Ltd has invested 0.99% of its portfolio in Big Lots, Inc. (NYSE:BIG). Advsrs Asset Mgmt, a Colorado-based fund reported 1,300 shares. Arizona State Retirement last reported 17,296 shares in the company. Btim holds 685,587 shares or 0.59% of its portfolio.

Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 11 selling transactions for $5.80 million net activity. MALLOTT PHILIP E also sold $260,400 worth of Big Lots, Inc. (NYSE:BIG) shares. The insider JOHNSON TIMOTHY A sold $623,829. $2.50 million worth of Big Lots, Inc. (NYSE:BIG) shares were sold by Bachmann Lisa M. CAMPISI DAVID J sold $1.26 million worth of stock. Berger Jeffrey Paul sold $397,500 worth of stock. On Monday, November 14 SOLT RUSSELL sold $154,500 worth of the stock or 3,000 shares. Schlonsky Michael Allen also sold $754,001 worth of Big Lots, Inc. (NYSE:BIG) on Friday, July 1.

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

Out of 12 analysts covering Big Lots (NYSE:BIG), 4 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 33% are positive. Big Lots has been the topic of 25 analyst reports since August 11, 2015 according to StockzIntelligence Inc. As per Tuesday, May 24, the company rating was initiated by Topeka Capital Markets. As per Friday, September 23, the company rating was initiated by Barclays Capital. The stock of Big Lots, Inc. (NYSE:BIG) has “Buy” rating given on Monday, December 7 by M Partners. M Partners maintained the stock with “Buy” rating in Tuesday, May 31 report. On Wednesday, March 16 the stock rating was initiated by Credit Suisse with “Underperform”. The stock of Big Lots, Inc. (NYSE:BIG) earned “Neutral” rating by Northcoast on Tuesday, August 2. The firm earned “Buy” rating on Monday, June 6 by Citigroup. The firm has “Buy” rating by Deutsche Bank given on Wednesday, September 23. The firm earned “Outperform” rating on Friday, June 3 by Oppenheimer. The rating was maintained by Telsey Advisory Group with “Market Perform” on Monday, December 7.

BIG Company Profile

Big Lots, Inc., incorporated on March 12, 2001, is a non-traditional, discount retailer operating in the United States. The Firm operates a total of approximately 1,450 stores. The Firm operates through the discount retailing segment. The Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.

More notable recent Big Lots, Inc. (NYSE:BIG) news were published by: Fool.com which released: “Why Big Lots Inc. Stock Soared 13% in May” on June 04, 2016, also Fool.com with their article: “Big Lots Inc. Extends Its Growth Streak as Sales Gains Slow” published on August 26, 2016, Fool.com published: “Big Lots Inc. Posts Highest Quarterly Growth Pace Since 2011” on May 27, 2016. More interesting news about Big Lots, Inc. (NYSE:BIG) were released by: Fool.com and their article: “Is Big Lots a Good Value?” published on October 08, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Genuine Parts, Dick’s Sporting Goods and Big Lots” with publication date: September 06, 2016.

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By Hazel Jackson


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