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

Educational Development Co. (NASDAQ:EDUC) was the target of 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 days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Educational Development

Several large investors have recently made changes to their positions in the business. Ridgewood Investments LLC raised its stake in Educational Development by 158.8% during the 4th quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock valued at $100,000 after buying an additional 37,022 shares during the last quarter. Needham Investment Management LLC increased its stake in Educational Development by 7.3% in the 3rd quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock worth $1,884,000 after buying an additional 55,000 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Educational Development in the 4th quarter worth $41,000. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

Educational Development Stock Performance

Shares of Educational Development stock traded down $0.03 during trading hours on Monday, reaching $1.42. The company had a trading volume of 6,619 shares, compared to its average volume of 10,213. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.64 and a quick ratio of 1.61. 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 $12.19 million, a PE ratio of -2.15 and a beta of 1.05. The business has a fifty day simple moving average of $1.60 and a 200 day simple moving average of $1.86.

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

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Educational Development in a research note on Sunday. They issued a “strong-buy” rating for the company.

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.