Short Interest in Educational Development Co. (NASDAQ:EDUC) Drops By 5.7%

Educational Development Co. (NASDAQ:EDUC) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 13,200 shares, a drop of 5.7% from the January 15th total of 14,000 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Educational Development in a research note on Friday, February 14th. They issued a “strong-buy” rating for the company.

Educational Development Stock Performance

EDUC opened at $1.53 on Thursday. The business has a 50 day moving average of $1.64 and a 200-day moving average of $1.89. The stock has a market cap of $13.13 million, a PE ratio of -2.32 and a beta of 1.05. Educational Development has a 52 week low of $1.46 and a 52 week high of $2.95. The company has a quick ratio of 1.61, a current ratio of 3.64 and a debt-to-equity ratio of 0.61.

Educational Development (NASDAQ:EDUC) last announced 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%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EDUC. Needham Investment Management LLC raised its stake in Educational Development by 7.3% during the third 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 during the last quarter. Ridgewood Investments LLC raised its stake 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 purchasing an additional 37,022 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Educational Development in the fourth quarter worth $41,000. Hedge funds and other institutional investors own 19.60% of the company’s stock.

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.