Short Interest in Educational Development Co. (NASDAQ:EDUC) Declines By 50.0%

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Educational Development in a research note on Saturday, February 22nd. They issued a “strong-buy” rating for the company.

Hedge Funds Weigh In On Educational Development

Several institutional investors have recently made changes to their positions in the business. Needham Investment Management LLC grew its position in Educational Development by 7.3% during the third quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after buying an additional 55,000 shares during the period. Ridgewood Investments LLC grew its position in shares of 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 acquiring an additional 37,022 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Educational Development in the 4th quarter worth $41,000. Institutional investors own 19.60% of the company’s stock.

Educational Development Stock Performance

EDUC traded down $0.01 during mid-day trading on Friday, reaching $1.45. 7,671 shares of the company traded hands, compared to its average volume of 10,307. The company’s fifty day moving average price is $1.61 and its 200-day moving average price is $1.86. The stock has a market capitalization of $12.45 million, a P/E ratio of -2.20 and a beta of 1.05. The company has a quick ratio of 1.61, a current ratio of 3.64 and a debt-to-equity ratio of 0.61. Educational Development has a 52-week low of $1.41 and a 52-week high of $2.95.

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

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.