Educational Development Corporation (NASDAQ:EDUC) Short Interest Down 74.6% in July

Educational Development Corporation (NASDAQ:EDUC) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 3,036 shares, a drop of 74.6% from the June 30th total of 11,948 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 445,278 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Educational Development

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp lifted its stake in shares of Educational Development by 106.0% in the 4th quarter. State Street Corp now owns 31,876 shares of the company’s stock valued at $42,000 after acquiring an additional 16,400 shares during the last quarter. Bridgeway Capital Management LLC acquired a new stake in shares of Educational Development during the 4th quarter valued at $29,000. Finally, Citadel Advisors LLC bought a new stake in Educational Development during the 3rd quarter worth $36,000. Institutional investors own 19.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Educational Development from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Educational Development Price Performance

Shares of EDUC stock remained flat at $1.45 on Friday. 41,067 shares of the stock were exchanged, compared to its average volume of 345,597. The firm has a market capitalization of $12.35 million, a PE ratio of 6.30 and a beta of 1.02. Educational Development has a 52-week low of $1.00 and a 52-week high of $1.84. The firm has a 50 day simple moving average of $1.47 and a 200-day simple moving average of $1.41.

Educational Development (NASDAQ:EDUC) last announced its quarterly earnings results on Thursday, July 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.57). The company had revenue of $4.76 million for the quarter, compared to the consensus estimate of $53.10 million. Educational Development had a net margin of 9.75% and a negative return on equity of 18.23%.

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.