Educational Development Corporation (NASDAQ:EDUC) Short Interest Update

Educational Development Corporation (NASDAQ:EDUC) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 26,138 shares, an increase of 760.9% from the July 15th total of 3,036 shares. Based on an average daily volume of 250,155 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the shares of the company are sold short.

Educational Development Trading Up 0.7%

Shares of NASDAQ EDUC traded up $0.01 during mid-day trading on Tuesday, hitting $1.40. The company had a trading volume of 67,631 shares, compared to its average volume of 260,517. Educational Development has a 1 year low of $1.01 and a 1 year high of $1.84. The company has a market capitalization of $11.93 million, a price-to-earnings ratio of 6.09 and a beta of 1.04. The stock’s 50-day moving average price is $1.46 and its 200-day moving average price is $1.41.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings data on Thursday, July 9th. The company reported ($0.16) earnings per share (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 company had revenue of $4.76 million for the quarter, compared to analysts’ expectations of $53.10 million.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Educational Development

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

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.