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

Educational Development Co. (NASDAQ:EDUC) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 14,300 shares, an increase of 116.7% from the February 13th total of 6,600 shares. Based on an average trading volume of 12,300 shares, the short-interest ratio is presently 1.2 days. Approximately 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Educational Development

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Needham Investment Management LLC boosted its holdings in Educational Development by 7.3% in 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 in the last quarter. Ridgewood Investments LLC boosted its stake in Educational Development by 158.8% in the 4th quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock worth $100,000 after purchasing an additional 37,022 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Educational Development during the 4th quarter valued at about $41,000. Institutional investors own 19.60% of the company’s stock.

Educational Development Stock Up 1.2 %

Shares of EDUC traded up $0.02 on Friday, reaching $1.27. The stock had a trading volume of 1,410 shares, compared to its average volume of 24,631. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.61 and a current ratio of 3.64. Educational Development has a 12-month low of $1.24 and a 12-month high of $2.95. The firm has a market capitalization of $10.86 million, a price-to-earnings ratio of -1.92 and a beta of 1.08. The company has a 50-day simple moving average of $1.56 and a 200-day simple moving average of $1.82.

Educational Development (NASDAQ:EDUC) last announced its earnings results 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%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Educational Development in a research report on Monday. They issued 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.