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

Educational Development Co. (NASDAQ:EDUC) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 33,300 shares, an increase of 42.3% from the February 29th total of 23,400 shares. Based on an average daily trading volume, of 35,400 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the shares of the stock are short sold.

Educational Development Trading Up 2.5 %

EDUC traded up $0.05 during trading on Friday, reaching $2.07. The company had a trading volume of 18,469 shares, compared to its average volume of 47,898. The stock has a market cap of $17.74 million, a P/E ratio of 103.55 and a beta of 1.18. The business has a 50 day simple moving average of $1.82 and a 200-day simple moving average of $1.33. Educational Development has a 52 week low of $0.80 and a 52 week high of $2.99. The company has a quick ratio of 1.24, a current ratio of 3.64 and a debt-to-equity ratio of 0.57.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings results on Thursday, January 11th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.07). The company had revenue of $16.94 million during the quarter. Educational Development had a return on equity of 0.53% and a net margin of 0.42%.

Institutional Trading of Educational Development

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp bought a new stake in shares of Educational Development during the second quarter worth $65,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of Educational Development in the first quarter valued at about $367,000. Vanguard Group Inc. raised its holdings in shares of Educational Development by 1.7% in the third quarter. Vanguard Group Inc. now owns 282,491 shares of the company’s stock valued at $681,000 after acquiring an additional 4,750 shares in the last quarter. Finally, Needham Investment Management LLC raised its holdings in shares of Educational Development by 77.8% in the fourth quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock valued at $1,264,000 after acquiring an additional 175,000 shares in the last quarter. 19.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.