Educational Development Co. (NASDAQ:EDUC) Sees Large Decrease in Short Interest

Educational Development Co. (NASDAQ:EDUC) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 13,200 shares, a decrease of 5.7% from the January 15th total of 14,000 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in Educational Development during the 4th quarter valued at approximately $41,000. Ridgewood Investments LLC raised its position in Educational Development by 158.8% during the 4th quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock valued at $100,000 after purchasing an additional 37,022 shares during the last quarter. Finally, Needham Investment Management LLC raised its position in Educational Development by 7.3% during the 3rd quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after purchasing an additional 55,000 shares during the last quarter. Institutional investors own 19.60% of the company’s stock.

Educational Development Trading Down 1.3 %

Shares of EDUC stock opened at $1.53 on Wednesday. The stock has a market capitalization of $13.13 million, a PE ratio of -2.32 and a beta of 1.05. Educational Development has a 1-year low of $1.46 and a 1-year high of $2.95. The business has a 50-day moving average of $1.64 and a 200 day moving average of $1.89. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.64 and a quick ratio of 1.61.

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

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Educational Development in a report on Friday, February 14th. They issued a “strong-buy” rating for the company.

Educational Development Company Profile

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.