Educational Development Corporation (NASDAQ:EDUC) Sees Large Increase in Short Interest

Educational Development Corporation (NASDAQ:EDUC) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 12,005 shares, a growth of 23.9% from the February 12th total of 9,690 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 8,424 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily volume of 8,424 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Educational Development from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Educational Development Stock Down 0.7%

Shares of NASDAQ EDUC traded down $0.01 during midday trading on Friday, reaching $1.36. 29,227 shares of the company’s stock traded hands, compared to its average volume of 18,095. The company has a market cap of $11.58 million, a price-to-earnings ratio of 2.90 and a beta of 1.03. The stock’s 50 day simple moving average is $1.39 and its 200-day simple moving average is $1.36. Educational Development has a one year low of $0.92 and a one year high of $1.84.

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

Hedge Funds Weigh In On Educational Development

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Educational Development by 106.0% in the fourth quarter. State Street Corp now owns 31,876 shares of the company’s stock valued at $42,000 after acquiring an additional 16,400 shares in the last quarter. Bridgeway Capital Management LLC acquired a new position in shares of Educational Development during the fourth quarter worth $29,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Educational Development during the 3rd quarter valued at $36,000. 19.60% of the stock is currently owned by institutional investors.

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.