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

Educational Development Corporation (NASDAQ:EDUC) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 9,690 shares, a decrease of 14.3% from the January 29th total of 11,302 shares. Based on an average trading volume of 33,344 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 33,344 shares, the days-to-cover ratio is presently 0.3 days.

Educational Development Trading Up 0.7%

Educational Development stock traded up $0.01 during trading on Wednesday, hitting $1.32. The company had a trading volume of 4,254 shares, compared to its average volume of 35,485. The company’s 50 day simple moving average is $1.38 and its 200-day simple moving average is $1.34. Educational Development has a 1-year low of $0.92 and a 1-year high of $1.84. The stock has a market cap of $11.23 million, a price-to-earnings ratio of 2.81 and a beta of 1.03.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EDUC. Citadel Advisors LLC acquired a new stake in Educational Development during the 3rd quarter worth approximately $36,000. Bridgeway Capital Management LLC purchased a new position in Educational Development in the fourth quarter valued at $29,000. Finally, State Street Corp grew its stake in Educational Development by 106.0% during the 4th quarter. State Street Corp now owns 31,876 shares of the company’s stock worth $42,000 after purchasing an additional 16,400 shares in the last quarter. Institutional investors and hedge funds own 19.60% of the company’s stock.

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.