Educational Development Corporation (NASDAQ:EDUC) Sees Large Decline in Short Interest

Educational Development Corporation (NASDAQ:EDUC) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 3,036 shares, a drop of 74.6% from the June 30th total of 11,948 shares. Based on an average daily volume of 445,278 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings raised Educational Development from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Educational Development presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EDUC. State Street Corp boosted its holdings in Educational Development by 106.0% during 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 last quarter. Citadel Advisors LLC bought a new stake in shares of Educational Development in the 3rd quarter worth approximately $36,000. Finally, Bridgeway Capital Management LLC bought a new stake in shares of Educational Development in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Educational Development Stock Performance

Shares of Educational Development stock remained flat at $1.45 during trading on Friday. 41,067 shares of the company traded hands, compared to its average volume of 345,597. The stock has a market capitalization of $12.35 million, a PE ratio of 6.30 and a beta of 1.02. Educational Development has a one year low of $1.00 and a one year high of $1.84. The firm’s 50 day moving average is $1.47 and its 200-day moving average is $1.41.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings results 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). The firm had revenue of $4.76 million during the quarter, compared to analyst estimates of $53.10 million. Educational Development had a negative return on equity of 18.23% and a net margin of 9.75%.

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.