Educational Development Co. (NASDAQ:EDUC) Short Interest Down 38.9% in July

Educational Development Co. (NASDAQ:EDUC) saw a large drop in short interest in July. As of July 15th, there was short interest totalling 17,900 shares, a drop of 38.9% from the June 30th total of 29,300 shares. Based on an average daily trading volume, of 10,400 shares, the short-interest ratio is presently 1.7 days. Approximately 0.3% of the shares of the stock are short sold.

Educational Development Price Performance

Shares of NASDAQ EDUC traded down $0.16 during trading hours on Friday, reaching $1.98. 3,145 shares of the stock traded hands, compared to its average volume of 24,006. The company has a market capitalization of $16.99 million, a P/E ratio of 70.69 and a beta of 1.07. The company has a quick ratio of 1.40, a current ratio of 3.74 and a debt-to-equity ratio of 0.59. Educational Development has a 52-week low of $0.80 and a 52-week high of $2.95. The company’s 50-day simple moving average is $1.92 and its two-hundred day simple moving average is $1.93.

Educational Development (NASDAQ:EDUC) last announced its quarterly earnings data on Thursday, July 11th. The company reported ($0.15) earnings per share for the quarter. Educational Development had a net margin of 0.30% and a return on equity of 0.31%. The firm had revenue of $9.99 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Educational Development in a report on Sunday, July 21st. They set a “strong-buy” rating on the stock.

Hedge Funds Weigh In On Educational Development

An institutional investor recently bought a new position in Educational Development stock. Ridgewood Investments LLC purchased a new position in shares of Educational Development Co. (NASDAQ:EDUC) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned about 0.28% of Educational Development at the end of the most recent reporting period. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Educational Development Company Profile

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.