Educational Development Corporation (NASDAQ:EDUC) Short Interest Update

Educational Development Corporation (NASDAQ:EDUC) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 12,005 shares, a growth of 23.9% from the February 12th total of 9,690 shares. Based on an average trading volume of 8,424 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 8,424 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Trading of Educational Development

Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new stake in shares of Educational Development in the 3rd quarter valued at approximately $36,000. Bridgeway Capital Management LLC acquired a new stake in Educational Development in the 4th quarter valued at approximately $29,000. Finally, State Street Corp increased 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 last quarter. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

Educational Development Price Performance

NASDAQ EDUC traded up $0.03 during trading hours on Tuesday, hitting $1.39. 26,732 shares of the company’s stock traded hands, compared to its average volume of 34,280. The company has a market capitalization of $11.79 million, a PE ratio of 2.95 and a beta of 1.03. Educational Development has a 52-week low of $0.92 and a 52-week high of $1.84. The firm’s 50-day moving average is $1.39 and its 200-day moving average is $1.36.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Educational Development from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average 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.