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

Educational Development Co. (NASDAQ:EDUC) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 12,600 shares, a decrease of 27.2% from the August 15th total of 17,300 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 24,400 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Educational Development in a research report on Wednesday, September 13th. They set a “strong-buy” rating for the company.

Educational Development Stock Down 4.9 %

NASDAQ:EDUC traded down $0.07 during mid-day trading on Monday, reaching $1.36. The company’s stock had a trading volume of 8,208 shares, compared to its average volume of 17,157. Educational Development has a 1 year low of $1.00 and a 1 year high of $4.00. The stock has a fifty day moving average of $1.50 and a 200-day moving average of $1.84. The firm has a market capitalization of $11.67 million, a PE ratio of -3.04 and a beta of 0.92.

Educational Development (NASDAQ:EDUC) last announced its quarterly earnings results on Thursday, July 13th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.15). The business had revenue of $14.52 million during the quarter. Educational Development had a negative return on equity of 7.87% and a negative net margin of 4.11%.

Institutional Trading of Educational Development

A number of hedge funds have recently bought and sold shares of EDUC. Needham Investment Management LLC raised its position in shares of Educational Development by 77.8% in the 4th quarter. Needham Investment Management LLC now owns 400,000 shares of the company’s stock worth $1,264,000 after acquiring an additional 175,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in Educational Development by 1.7% in the third quarter. Vanguard Group Inc. now owns 282,491 shares of the company’s stock worth $681,000 after purchasing an additional 4,750 shares in the last quarter. Morgan Dempsey Capital Management LLC bought a new position in Educational Development in the first quarter worth about $367,000. State Street Corp purchased a new stake in shares of Educational Development during the second quarter valued at about $65,000. Finally, Perritt Capital Management Inc. raised its stake in shares of Educational Development by 63.2% during the 1st quarter. Perritt Capital Management Inc. now owns 30,090 shares of the company’s stock worth $88,000 after acquiring an additional 11,652 shares in the last quarter. Hedge funds and other institutional investors own 24.45% of the company’s stock.

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.