Short Interest in Educational Development Corporation (NASDAQ:EDUC) Rises By 760.9%

Educational Development Corporation (NASDAQ:EDUC) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 26,138 shares, a growth of 760.9% from the July 15th total of 3,036 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 250,155 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC bought a new stake in Educational Development during the fourth quarter worth about $29,000. Citadel Advisors LLC bought a new position in shares of Educational Development during the 3rd quarter valued at about $36,000. Finally, State Street Corp increased its position in shares of Educational Development by 106.0% during 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. Institutional investors own 19.60% of the company’s stock.

Educational Development Stock Performance

Educational Development stock traded up $0.01 during mid-day trading on Tuesday, hitting $1.40. 67,631 shares of the company traded hands, compared to its average volume of 260,517. Educational Development has a one year low of $1.01 and a one year high of $1.84. The stock has a market cap of $11.93 million, a price-to-earnings ratio of 6.09 and a beta of 1.04. The stock has a fifty day moving average price of $1.46 and a 200-day moving average price of $1.41.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Educational Development from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Educational Development currently has a consensus rating of “Sell”.

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.