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

Educational Development Co. (NASDAQ:EDUC) saw 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 daily trading volume, of 13,000 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

Educational Development Price Performance

EDUC traded down $0.01 on Friday, hitting $1.45. 7,671 shares of the company’s stock traded hands, compared to its average volume of 10,307. The company’s 50 day simple moving average is $1.61 and its 200-day simple moving average is $1.86. The company has a current ratio of 3.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.61. Educational Development has a one year low of $1.41 and a one year high of $2.95. The firm has a market cap of $12.45 million, a price-to-earnings ratio of -2.20 and a beta of 1.05.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Educational Development

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Educational Development during the fourth quarter valued at about $41,000. Ridgewood Investments LLC lifted its position in shares of Educational Development by 158.8% in the fourth quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock worth $100,000 after buying an additional 37,022 shares in the last quarter. Finally, Needham Investment Management LLC grew its holdings 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 buying an additional 55,000 shares in the last quarter. 19.60% of the stock is currently owned by institutional investors.

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.