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

Educational Development Corporation (NASDAQ:EDUC) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 7,331 shares, a growth of 485.5% from the May 14th total of 1,252 shares. Based on an average daily volume of 86,297 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of Educational Development

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp grew its stake in shares of Educational Development by 106.0% during the fourth quarter. State Street Corp now owns 31,876 shares of the company’s stock worth $42,000 after buying an additional 16,400 shares during the last quarter. Bridgeway Capital Management LLC bought a new stake in shares of Educational Development during the fourth quarter worth $29,000. Finally, Citadel Advisors LLC bought a new stake in shares of Educational Development during the third quarter worth $36,000. Institutional investors own 19.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Educational Development from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, June 5th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Educational Development Price Performance

NASDAQ:EDUC traded up $0.01 during mid-day trading on Friday, reaching $1.38. The stock had a trading volume of 7,795 shares, compared to its average volume of 39,185. The stock has a 50-day simple moving average of $1.40 and a two-hundred day simple moving average of $1.37. The stock has a market capitalization of $11.74 million, a PE ratio of 5.30 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 posted its earnings results on Tuesday, May 19th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.65). The company had revenue of $4.18 million for the quarter, compared to the consensus estimate of $40.00 million. Educational Development had a negative return on equity of 17.66% and a net margin of 10.15%.

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.