Educational Development Co. (NASDAQ:EDUC) Short Interest Update

Educational Development Co. (NASDAQ:EDUC) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 6,600 shares, a drop of 50.0% from the January 31st total of 13,200 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 13,000 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Educational Development in the fourth quarter valued at $41,000. Ridgewood Investments LLC grew its position in shares of Educational Development by 158.8% during the fourth quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock worth $100,000 after acquiring an additional 37,022 shares during the last quarter. Finally, Needham Investment Management LLC grew its position in shares of Educational Development by 7.3% during the third quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock worth $1,884,000 after acquiring an additional 55,000 shares during the last quarter. 19.60% of the stock is owned by institutional investors and hedge funds.

Educational Development Price Performance

EDUC traded down $0.03 during midday trading on Monday, reaching $1.42. 6,619 shares of the company’s stock were exchanged, compared to its average volume of 10,213. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.64 and a quick ratio of 1.61. The stock has a market capitalization of $12.19 million, a PE ratio of -2.15 and a beta of 1.05. The business’s 50-day moving average price is $1.60 and its 200 day moving average price is $1.86. Educational Development has a 1-year low of $1.41 and a 1-year high of $2.95.

Educational Development (NASDAQ:EDUC) last released its earnings results on Monday, January 13th. The company reported ($0.10) earnings per share (EPS) for the quarter. Educational Development had a negative net margin of 15.15% and a negative return on equity of 12.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Educational Development in a research report on Sunday. They set a “strong-buy” rating on the stock.

About Educational Development

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.