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

Educational Development Corporation (NASDAQ:EDUC) was the target of a large drop in short interest in 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 445,278 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC bought a new stake in Educational Development during the 4th quarter worth about $29,000. State Street Corp raised its stake in shares of Educational Development by 106.0% in the fourth quarter. State Street Corp now owns 31,876 shares of the company’s stock worth $42,000 after acquiring an additional 16,400 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Educational Development in the third quarter worth about $36,000. Institutional investors and hedge funds own 19.60% of the company’s stock.

Educational Development Stock Down 0.3%

EDUC traded down $0.01 during trading on Monday, hitting $1.45. The company’s stock had a trading volume of 211,791 shares, compared to its average volume of 84,698. The firm’s 50 day moving average price is $1.47 and its two-hundred day moving average price is $1.41. Educational Development has a 12 month low of $1.00 and a 12 month high of $1.84. The stock has a market capitalization of $12.31 million, a price-to-earnings ratio of 6.28 and a beta of 1.02.

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

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.