Educational Development Corporation (NASDAQ:EDUC) Short Interest Update

Educational Development Corporation (NASDAQ:EDUC) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,252 shares, a decline of 74.3% from the April 30th total of 4,872 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 35,257 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Educational Development by 106.0% in the fourth quarter. State Street Corp now owns 31,876 shares of the company’s stock worth $42,000 after purchasing an additional 16,400 shares during the period. Bridgeway Capital Management LLC bought a new position in shares of Educational Development in the fourth quarter worth $29,000. Finally, Citadel Advisors LLC bought a new position in shares of Educational Development in the third quarter worth $36,000. Institutional investors own 19.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Educational Development from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Educational Development presently has a consensus rating of “Sell”.

Educational Development Stock Up 0.7%

EDUC stock traded up $0.01 during mid-day trading on Friday, reaching $1.46. 328,979 shares of the company traded hands, compared to its average volume of 57,820. The stock has a market cap of $12.42 million, a price-to-earnings ratio of 5.62 and a beta of 1.02. Educational Development has a fifty-two week low of $1.01 and a fifty-two week high of $1.84. The firm’s 50 day moving average price is $1.38 and its 200 day moving average price is $1.36.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings results on Tuesday, May 19th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.65). The business had revenue of $4.18 million for the quarter, compared to the consensus estimate of $40.00 million. Educational Development had a negative return on equity of 17.66% and a net margin of 10.15%.

About Educational Development

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.