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

Educational Development Corporation (NASDAQ:EDUC) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,252 shares, a decline of 74.3% from the April 30th total of 4,872 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 35,257 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Educational Development from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Trading of Educational Development

Large investors have recently made changes to their positions in the company. State Street Corp lifted its stake 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. Citadel Advisors LLC bought a new position in shares of Educational Development during the third quarter valued at $36,000. Finally, Bridgeway Capital Management LLC bought a new position in Educational Development during the fourth quarter worth $29,000. Institutional investors and hedge funds own 19.60% of the company’s stock.

Educational Development Stock Up 0.7%

EDUC stock traded up $0.01 during trading on Friday, hitting $1.46. The company had a trading volume of 328,976 shares, compared to its average volume of 39,431. Educational Development has a 12 month low of $1.01 and a 12 month high of $1.84. The stock has a market cap of $12.42 million, a price-to-earnings ratio of 5.62 and a beta of 1.02. The firm has a 50-day moving average price of $1.38 and a 200-day moving average price of $1.36.

Educational Development (NASDAQ:EDUC) last announced 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 during the quarter, compared to analyst estimates 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.