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

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

Educational Development Price Performance

Shares of NASDAQ EDUC remained flat at $1.32 during trading hours on Thursday. 5,852 shares of the company traded hands, compared to its average volume of 34,795. 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 has a fifty-two week low of $0.92 and a fifty-two week high of $1.84. The business’s 50 day moving average is $1.38 and its 200 day moving average is $1.34.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EDUC. Bridgeway Capital Management LLC bought a new stake in shares of Educational Development in the fourth quarter valued at approximately $29,000. Citadel Advisors LLC bought a new position in shares of Educational Development during the 3rd quarter worth about $36,000. Finally, State Street Corp boosted 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 acquiring an additional 16,400 shares in the last quarter. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Educational Development from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

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.