Short Interest in Educational Development Corporation (NASDAQ:EDUC) Decreases By 40.8%

Educational Development Corporation (NASDAQ:EDUC) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 4,872 shares, a drop of 40.8% from the April 15th total of 8,234 shares. Based on an average daily volume of 75,488 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Educational Development from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Trading of Educational Development

A number of hedge funds have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC purchased a new stake in Educational Development in the fourth quarter valued at approximately $29,000. State Street Corp boosted its holdings in shares of Educational Development by 106.0% in the 4th quarter. State Street Corp now owns 31,876 shares of the company’s stock valued at $42,000 after purchasing an additional 16,400 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Educational Development in the 3rd quarter valued at $36,000. 19.60% of the stock is owned by institutional investors and hedge funds.

Educational Development Stock Up 0.4%

EDUC stock opened at $1.50 on Tuesday. The stock has a market capitalization of $12.78 million, a price-to-earnings ratio of 3.19 and a beta of 1.02. Educational Development has a 52-week low of $1.01 and a 52-week high of $1.84. The stock’s fifty day simple moving average is $1.37 and its 200-day simple moving average is $1.36.

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.