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

Educational Development Co. (NASDAQ:EDUC) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 49,200 shares, a growth of 225.8% from the September 15th total of 15,100 shares. Based on an average daily trading volume, of 54,900 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.8% of the shares of the company are sold short.

Educational Development Price Performance

Educational Development stock traded down $0.14 during midday trading on Friday, reaching $2.06. The company’s stock had a trading volume of 6,440 shares, compared to its average volume of 34,821. The company has a current ratio of 3.74, a quick ratio of 1.40 and a debt-to-equity ratio of 0.59. The stock has a market cap of $17.66 million, a PE ratio of 68.67 and a beta of 1.06. Educational Development has a 52 week low of $0.80 and a 52 week high of $2.95. The business has a 50-day moving average price of $2.09 and a 200-day moving average price of $2.07.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings data on Thursday, October 10th. The company reported ($0.22) EPS for the quarter. The company had revenue of $6.51 million during the quarter. Educational Development had a net margin of 0.30% and a return on equity of 0.31%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Educational Development in a research note on Wednesday. They issued a “strong-buy” rating on the stock.

Institutional Trading of Educational Development

A hedge fund recently raised its stake in Educational Development stock. Ridgewood Investments LLC raised its position in Educational Development Co. (NASDAQ:EDUC) by 93.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 45,600 shares of the company’s stock after purchasing an additional 22,000 shares during the period. Ridgewood Investments LLC owned 0.53% of Educational Development worth $85,000 as of its most recent filing with the SEC. 19.60% of the stock is owned by institutional investors and hedge funds.

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.