Short Interest in Educational Development Corporation (NASDAQ:EDUC) Drops By 27.3%

Educational Development Corporation (NASDAQ:EDUC) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 38,400 shares, a decline of 27.3% from the September 30th total of 52,800 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 331,800 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 331,800 shares, the short-interest ratio is presently 0.1 days. Approximately 0.6% of the company’s shares are sold short.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Educational Development

An institutional investor recently raised its position in Educational Development stock. Ridgewood Investments LLC lifted its holdings in shares of Educational Development Corporation (NASDAQ:EDUC) by 30.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,675 shares of the company’s stock after buying an additional 18,333 shares during the period. Ridgewood Investments LLC owned approximately 0.92% of Educational Development worth $108,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Educational Development Price Performance

NASDAQ:EDUC traded down $0.02 during mid-day trading on Tuesday, hitting $1.48. 100,576 shares of the company’s stock were exchanged, compared to its average volume of 173,315. Educational Development has a one year low of $0.92 and a one year high of $2.11. The business has a fifty day moving average price of $1.36 and a 200 day moving average price of $1.31. The company has a market cap of $12.69 million, a PE ratio of -2.69 and a beta of 0.93.

Educational Development (NASDAQ:EDUC) last posted its quarterly earnings results on Thursday, October 9th. The company reported ($0.15) earnings per share for the quarter. Educational Development had a negative return on equity of 11.37% and a negative net margin of 15.48%.The company had revenue of $4.62 million during the quarter.

About Educational Development

Educational Development Corporation, a publishing company, operates as a publisher of educational children's books in the United States. It operates through two segments, PaperPie and Publishing. The company offers various books, including touchy-feely board books, activity books and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as internet-linked books comprising science and math titles, and chapter books and novels.