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

Educational Development Co. (NASDAQ:EDUC) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 29,200 shares, a growth of 11.0% from the May 31st total of 26,300 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 18,500 shares, the short-interest ratio is presently 1.6 days.

Educational Development Stock Performance

Shares of Educational Development stock traded up $0.01 on Wednesday, reaching $1.86. 1,862 shares of the stock were exchanged, compared to its average volume of 25,749. Educational Development has a 1-year low of $0.80 and a 1-year high of $2.95. The company has a current ratio of 3.88, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average price of $1.95 and a two-hundred day moving average price of $1.83. The firm has a market capitalization of $15.96 million, a PE ratio of 26.58 and a beta of 1.07.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings results on Tuesday, May 21st. The company reported ($0.19) earnings per share (EPS) for the quarter. Educational Development had a return on equity of 1.20% and a net margin of 1.07%. The firm had revenue of $8.97 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Educational Development in a research note on Thursday, June 27th. They set a “strong-buy” rating on the stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Educational Development stock. Ridgewood Investments LLC bought a new position in shares of Educational Development Co. (NASDAQ:EDUC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned 0.28% of Educational Development at the end of the most recent quarter. Hedge funds and other institutional investors own 19.60% 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.