Educational Development Corporation (NASDAQ:EDUC) Short Interest Down 14.3% in February

Educational Development Corporation (NASDAQ:EDUC) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 9,690 shares, a decline of 14.3% from the January 29th total of 11,302 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 33,344 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 33,344 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Educational Development from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Educational Development presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Educational Development

A number of large investors have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Educational Development by 106.0% during the 4th quarter. State Street Corp now owns 31,876 shares of the company’s stock worth $42,000 after purchasing an additional 16,400 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Educational Development during the 3rd quarter valued at $36,000. Finally, Bridgeway Capital Management LLC purchased a new position in Educational Development during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Educational Development Stock Performance

Shares of EDUC opened at $1.32 on Friday. The stock’s 50 day moving average is $1.38 and its two-hundred day moving average is $1.34. Educational Development has a twelve month low of $0.92 and a twelve month high of $1.84. The firm has a market capitalization of $11.23 million, a PE ratio of 2.81 and a beta of 1.03.

Educational Development (NASDAQ:EDUC) last posted its quarterly earnings results on Thursday, January 8th. The company reported $0.91 EPS for the quarter. Educational Development had a negative return on equity of 13.61% and a net margin of 16.10%.The business had revenue of $7.01 million during the quarter.

About Educational Development

Educational Development Corporation, through its subsidiaries, engages in the direct marketing and digital retailing of educational and inspirational reading materials, including books, Bibles, devotionals, and related gift items. The company’s product portfolio extends to children’s literature, music, and home décor, targeting consumers in the faith-based and human-interest segments. Products are sold under proprietary brands across multiple online and catalog platforms.

Central to the company’s operations are its e-commerce websites and print catalogs, which support both retail and wholesale distribution channels.