Educational Development Corporation (NASDAQ:EDUC) Short Interest Down 53.4% in January

Educational Development Corporation (NASDAQ:EDUC) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 11,302 shares, a decrease of 53.4% from the January 15th total of 24,237 shares. Based on an average daily volume of 65,727 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 65,727 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Educational Development stock. Citadel Advisors LLC purchased a new stake in Educational Development Corporation (NASDAQ:EDUC) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 26,852 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned approximately 0.31% of Educational Development as of its most recent SEC filing. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Educational Development in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Educational Development has a consensus rating of “Sell”.

Educational Development Trading Down 1.1%

NASDAQ EDUC traded down $0.02 during trading on Thursday, reaching $1.40. The company’s stock had a trading volume of 7,127 shares, compared to its average volume of 45,104. The firm has a 50 day moving average price of $1.37 and a 200 day moving average price of $1.33. Educational Development has a 12 month low of $0.92 and a 12 month high of $1.84. The firm has a market capitalization of $11.87 million, a price-to-earnings ratio of 2.97 and a beta of 1.06.

Educational Development (NASDAQ:EDUC) last released its quarterly earnings results on Thursday, January 8th. The company reported $0.91 earnings per share 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%.

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.