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

Educational Development Corporation (NASDAQ:EDUC) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 26,138 shares, an increase of 760.9% from the July 15th total of 3,036 shares. Based on an average trading volume of 250,155 shares, the short-interest ratio is currently 0.1 days. Currently, 0.3% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Educational Development from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Educational Development

Institutional investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new position in Educational Development during the third quarter worth about $36,000. State Street Corp boosted its holdings in 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 purchasing an additional 16,400 shares during the period. Finally, Bridgeway Capital Management LLC acquired a new position in shares of Educational Development during the 4th quarter worth approximately $29,000. Institutional investors own 19.60% of the company’s stock.

Educational Development Trading Down 1.1%

Shares of NASDAQ:EDUC traded down $0.01 during trading on Wednesday, reaching $1.39. 1,024 shares of the stock were exchanged, compared to its average volume of 87,158. Educational Development has a 12 month low of $1.01 and a 12 month high of $1.84. The firm has a market cap of $11.80 million, a PE ratio of 6.02 and a beta of 1.04. The stock has a 50-day moving average price of $1.46 and a 200-day moving average price of $1.41.

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

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.