Educational Development Corporation (NASDAQ:EDUC) Short Interest Down 23.8% in December

Educational Development Corporation (NASDAQ:EDUC) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 45,332 shares, a decline of 23.8% from the November 30th total of 59,463 shares. Based on an average daily volume of 19,261 shares, the short-interest ratio is currently 2.4 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 19,261 shares, the short-interest ratio is currently 2.4 days.

Institutional Investors Weigh In On Educational Development

A hedge fund recently bought a new stake in Educational Development stock. Citadel Advisors LLC bought a new stake in shares of Educational Development Corporation (NASDAQ:EDUC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 26,852 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned about 0.31% of Educational Development at the end of the most recent reporting period. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

Educational Development Trading Up 1.9%

Shares of EDUC stock traded up $0.03 during trading hours on Tuesday, hitting $1.35. 2,659 shares of the company were exchanged, compared to its average volume of 153,894. The business has a 50 day moving average of $1.35 and a two-hundred day moving average of $1.31. The company has a market capitalization of $11.54 million, a PE ratio of -2.49 and a beta of 1.07. Educational Development has a 52 week low of $0.92 and a 52 week high of $1.93.

Educational Development (NASDAQ:EDUC) last posted its quarterly earnings data on Thursday, October 9th. The company reported ($0.15) earnings per share (EPS) for the quarter. Educational Development had a negative net margin of 15.48% and a negative return on equity of 11.37%. The business had revenue of $4.62 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Educational Development in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

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.