Educational Development Corporation (NASDAQ:EDUC) Short Interest Update

Educational Development Corporation (NASDAQ:EDUC) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 7,331 shares, an increase of 485.5% from the May 14th total of 1,252 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 86,297 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Educational Development from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Educational Development presently has a consensus rating of “Sell”.

Educational Development Stock Performance

Shares of EDUC stock traded up $0.00 during midday trading on Wednesday, hitting $1.36. 71,974 shares of the company were exchanged, compared to its average volume of 39,725. Educational Development has a 52 week low of $1.01 and a 52 week high of $1.84. The firm has a market capitalization of $11.61 million, a P/E ratio of 5.15 and a beta of 1.02. The firm’s 50 day moving average price is $1.40 and its two-hundred day moving average price is $1.37.

Educational Development (NASDAQ:EDUC) last announced its earnings results on Tuesday, May 19th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.65). Educational Development had a negative return on equity of 17.66% and a net margin of 10.15%.The firm had revenue of $4.18 million for the quarter, compared to the consensus estimate of $40.00 million.

Institutional Investors Weigh In On Educational Development

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Educational Development by 106.0% during the fourth quarter. State Street Corp now owns 31,876 shares of the company’s stock worth $42,000 after buying an additional 16,400 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Educational Development during the third quarter worth $36,000. Finally, Bridgeway Capital Management LLC acquired a new stake in shares of Educational Development during the fourth quarter worth $29,000. Institutional investors and hedge funds 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.