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

Educational Development Corporation (NASDAQ:EDUC) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 24,237 shares, a drop of 36.5% from the December 31st total of 38,178 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 29,741 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 29,741 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Trading of Educational Development

A hedge fund recently bought a new stake in Educational Development stock. Citadel Advisors LLC bought a new position in Educational Development Corporation (NASDAQ:EDUC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,852 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned about 0.31% of Educational Development as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 19.60% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Educational Development in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Educational Development Stock Performance

Shares of EDUC traded down $0.01 during mid-day trading on Monday, reaching $1.39. The company had a trading volume of 14,842 shares, compared to its average volume of 46,989. The company has a market capitalization of $11.83 million, a price-to-earnings ratio of 2.96 and a beta of 1.06. The firm has a 50-day moving average price of $1.35 and a 200 day moving average price of $1.33. Educational Development has a 52 week low of $0.92 and a 52 week high of $1.84.

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

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.