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

Educational Development Corporation (NASDAQ:EDUC) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,252 shares, a drop of 74.3% from the April 30th total of 4,872 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 35,257 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Educational Development from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Educational Development

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bridgeway Capital Management LLC purchased a new stake in shares of Educational Development in the 4th quarter valued at $29,000. Citadel Advisors LLC purchased a new stake in shares of Educational Development in the 3rd quarter valued at $36,000. Finally, State Street Corp boosted 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 purchasing an additional 16,400 shares in the last quarter. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Educational Development Stock Up 0.7%

NASDAQ:EDUC traded up $0.01 during mid-day trading on Friday, hitting $1.46. 328,976 shares of the stock traded hands, compared to its average volume of 39,431. The business’s 50-day moving average price is $1.38 and its 200 day moving average price is $1.36. The company has a market cap of $12.42 million, a PE ratio of 5.62 and a beta of 1.02. Educational Development has a 12-month low of $1.01 and a 12-month high of $1.84.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings data on Tuesday, May 19th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of $0.28 by ($0.65). The firm had revenue of $4.18 million for the quarter, compared to analysts’ expectations of $40.00 million. Educational Development had a net margin of 10.15% and a negative return on equity of 17.66%.

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.