Educational Development Corporation (NASDAQ:EDUC) Sees Large Increase in Short Interest

Educational Development Corporation (NASDAQ:EDUC) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 12,005 shares, an increase of 23.9% from the February 12th total of 9,690 shares. Based on an average daily volume of 8,424 shares, the days-to-cover ratio is presently 1.4 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 volume of 8,424 shares, the days-to-cover ratio is presently 1.4 days.

Educational Development Stock Down 0.7%

NASDAQ EDUC traded down $0.01 during trading hours on Friday, hitting $1.36. 29,227 shares of the company were exchanged, compared to its average volume of 18,095. Educational Development has a 52 week low of $0.92 and a 52 week high of $1.84. The stock has a 50-day moving average price of $1.39 and a 200 day moving average price of $1.36. The stock has a market cap of $11.58 million, a PE ratio of 2.90 and a beta of 1.03.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EDUC. Bridgeway Capital Management LLC bought a new stake in shares of Educational Development in the 4th quarter worth about $29,000. Citadel Advisors LLC bought a new position in Educational Development during the 3rd quarter valued at about $36,000. Finally, State Street Corp raised its position in Educational Development by 106.0% in the 4th quarter. State Street Corp now owns 31,876 shares of the company’s stock worth $42,000 after purchasing an additional 16,400 shares during the period. Institutional investors own 19.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Educational Development from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Educational Development Company Profile

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.