Short Interest in Educational Development Corporation (NASDAQ:EDUC) Decreases By 53.4%

Educational Development Corporation (NASDAQ:EDUC) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 11,302 shares, a decline of 53.4% from the January 15th total of 24,237 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 65,727 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 65,727 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Educational Development Stock Up 0.7%

NASDAQ EDUC traded up $0.01 during trading hours on Friday, hitting $1.39. 2,293 shares of the company were exchanged, compared to its average volume of 43,676. The company has a 50 day moving average of $1.37 and a two-hundred day moving average of $1.33. The firm has a market cap of $11.83 million, a price-to-earnings ratio of 2.96 and a beta of 1.06. Educational Development has a 52-week low of $0.92 and a 52-week high of $1.84.

Educational Development (NASDAQ:EDUC) last released its earnings results on Thursday, January 8th. The company reported $0.91 earnings per share for the quarter. Educational Development had a net margin of 16.10% and a negative return on equity of 13.61%. The firm had revenue of $7.01 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Educational Development in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Educational Development has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Educational Development stock. Citadel Advisors LLC acquired a new stake in Educational Development Corporation (NASDAQ:EDUC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 26,852 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned about 0.31% of Educational Development as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 19.60% of the company’s stock.

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.