Short Interest in Educational Development Corporation (NASDAQ:EDUC) Declines By 53.4%

Educational Development Corporation (NASDAQ:EDUC) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 11,302 shares, a decrease of 53.4% from the January 15th total of 24,237 shares. Based on an average daily trading volume, of 65,727 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 65,727 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Educational Development

A hedge fund recently raised its stake in Educational Development stock. State Street Corp lifted its position in Educational Development Corporation (NASDAQ:EDUC) by 106.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,876 shares of the company’s stock after buying an additional 16,400 shares during the period. State Street Corp owned about 0.37% of Educational Development worth $42,000 as of its most recent SEC filing. Institutional investors and hedge funds own 19.60% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Educational Development in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Educational Development Price Performance

NASDAQ:EDUC traded up $0.01 on Friday, reaching $1.39. The stock had a trading volume of 2,385 shares, compared to its average volume of 50,148. Educational Development has a 1-year low of $0.92 and a 1-year high of $1.84. The stock has a fifty day moving average price of $1.37 and a 200-day moving average price of $1.33.

Educational Development (NASDAQ:EDUC) last posted its earnings results on Thursday, January 8th. The company reported $0.91 earnings per share (EPS) for the quarter. The company had revenue of $7.01 million during the quarter. Educational Development had a net margin of 16.10% and a negative return on equity of 13.61%.

About Educational Development

Educational Development Corporation, through its subsidiaries, engages in the direct marketing and digital retailing of educational and inspirational reading materials, including books, Bibles, devotionals, and related gift items. The company’s product portfolio extends to children’s literature, music, and home décor, targeting consumers in the faith-based and human-interest segments. Products are sold under proprietary brands across multiple online and catalog platforms.

Central to the company’s operations are its e-commerce websites and print catalogs, which support both retail and wholesale distribution channels.