Educational Development Corporation (NASDAQ:EDUC) Short Interest Down 50.9% in March

Educational Development Corporation (NASDAQ:EDUC) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 5,892 shares, a decrease of 50.9% from the February 26th total of 12,005 shares. Based on an average daily volume of 29,586 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Educational Development from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 19th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Educational Development currently has a consensus rating of “Sell”.

Educational Development Stock Up 0.3%

Shares of EDUC stock traded up $0.00 during mid-day trading on Thursday, reaching $1.32. The stock had a trading volume of 3,689 shares, compared to its average volume of 31,694. Educational Development has a one year low of $0.92 and a one year high of $1.84. The firm has a market cap of $11.27 million, a PE ratio of 2.82 and a beta of 1.03. The firm’s 50 day simple moving average is $1.37 and its 200 day simple moving average is $1.37.

Educational Development (NASDAQ:EDUC) last issued its earnings results on Thursday, January 8th. The company reported $0.91 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.

Institutional Trading of Educational Development

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its position in Educational Development by 106.0% in the fourth 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. Citadel Advisors LLC bought a new stake in shares of Educational Development in the 3rd quarter valued at approximately $36,000. Finally, Bridgeway Capital Management LLC bought a new stake in shares of Educational Development in the 4th quarter valued at approximately $29,000. Institutional investors 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.