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

Educational Development Co. (NASDAQ:EDUC) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 14,300 shares, an increase of 116.7% from the February 13th total of 6,600 shares. Based on an average daily volume of 12,300 shares, the short-interest ratio is presently 1.2 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Educational Development

A number of institutional investors have recently modified their holdings of EDUC. Raymond James Financial Inc. acquired a new stake in shares of Educational Development during the 4th quarter valued at about $41,000. Ridgewood Investments LLC boosted its holdings in shares of Educational Development by 158.8% during the 4th quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock worth $100,000 after purchasing an additional 37,022 shares during the last quarter. Finally, Needham Investment Management LLC boosted its holdings in shares of Educational Development by 7.3% during the 3rd quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock worth $1,884,000 after purchasing an additional 55,000 shares during the last quarter. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Educational Development in a research note on Monday, March 10th. They issued a “strong-buy” rating on the stock.

Educational Development Stock Up 1.2 %

NASDAQ EDUC traded up $0.02 during midday trading on Friday, hitting $1.27. 1,717 shares of the company traded hands, compared to its average volume of 24,513. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.64 and a quick ratio of 1.61. The company has a market cap of $10.86 million, a PE ratio of -1.92 and a beta of 1.08. The company’s 50-day simple moving average is $1.54 and its 200-day simple moving average is $1.81. Educational Development has a 52 week low of $1.24 and a 52 week high of $2.95.

Educational Development (NASDAQ:EDUC) last posted its quarterly earnings data on Monday, January 13th. The company reported ($0.10) earnings per share for the quarter. Educational Development had a negative return on equity of 12.71% and a negative net margin of 15.15%.

About Educational Development

Educational Development Corporation, a publishing company, operates as a publisher of educational children's books in the United States. It operates through two segments, PaperPie and Publishing. The company offers various books, including touchy-feely board books, activity books and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as internet-linked books comprising science and math titles, and chapter books and novels.