Educational Development Corporation (NASDAQ:EDUC) Short Interest Update

Educational Development Corporation (NASDAQ:EDUC) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,036 shares, a drop of 74.6% from the June 30th total of 11,948 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 445,278 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Educational Development

Institutional investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC purchased a new stake in shares of Educational Development during the fourth quarter worth about $29,000. Citadel Advisors LLC purchased a new stake in Educational Development in the third quarter worth $36,000. Finally, State Street Corp boosted its holdings 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. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Educational Development from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Educational Development Stock Down 0.3%

Shares of NASDAQ:EDUC opened at $1.45 on Tuesday. Educational Development has a 12-month low of $1.00 and a 12-month high of $1.84. The company’s 50 day moving average price is $1.47 and its two-hundred day moving average price is $1.41. The firm has a market cap of $12.31 million, a PE ratio of 6.28 and a beta of 1.02.

Educational Development (NASDAQ:EDUC) last posted its quarterly earnings results on Thursday, July 9th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.57). Educational Development had a negative return on equity of 18.23% and a net margin of 9.75%.The business had revenue of $4.76 million for the quarter, compared to analyst estimates of $53.10 million.

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.