Short Interest in Educational Development Corporation (NASDAQ:EDUC) Decreases By 36.5%

Educational Development Corporation (NASDAQ:EDUC) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 24,237 shares, a decrease of 36.5% from the December 31st total of 38,178 shares. Based on an average daily trading volume, of 29,741 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 29,741 shares, the short-interest ratio is currently 0.8 days.

Analyst Ratings Changes

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

Educational Development Stock Down 0.7%

Shares of EDUC stock traded down $0.01 during trading on Friday, hitting $1.40. The company had a trading volume of 5,925 shares, compared to its average volume of 46,989. Educational Development has a 52 week low of $0.92 and a 52 week high of $1.84. The stock has a market capitalization of $11.91 million, a price-to-earnings ratio of 2.98 and a beta of 1.06. The stock’s 50-day moving average is $1.35 and its two-hundred day moving average is $1.33.

Educational Development (NASDAQ:EDUC) last released its quarterly earnings results on Thursday, January 8th. The company reported $0.91 EPS for the quarter. The business 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 Investors Weigh In On Educational Development

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

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.