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

Educational Development Co. (NASDAQ:EDUC) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 15,600 shares, a decline of 9.8% from the August 15th total of 17,300 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 8,800 shares, the short-interest ratio is currently 1.8 days.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Educational Development

A hedge fund recently bought a new stake in Educational Development stock. Ridgewood Investments LLC bought a new position in Educational Development Co. (NASDAQ:EDUC) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned approximately 0.28% of Educational Development as of its most recent filing with the SEC. Institutional investors and hedge funds own 19.60% of the company’s stock.

Educational Development Trading Down 3.0 %

NASDAQ EDUC traded down $0.06 on Wednesday, hitting $1.95. The company’s stock had a trading volume of 8,293 shares, compared to its average volume of 20,604. Educational Development has a 52-week low of $0.80 and a 52-week high of $2.95. The company has a current ratio of 3.74, a quick ratio of 1.40 and a debt-to-equity ratio of 0.59. The company’s 50-day simple moving average is $2.06 and its 200 day simple moving average is $2.04. The firm has a market cap of $16.72 million, a P/E ratio of 65.00 and a beta of 1.06.

Educational Development (NASDAQ:EDUC) last released its quarterly earnings data on Thursday, July 11th. The company reported ($0.15) earnings per share for the quarter. Educational Development had a return on equity of 0.31% and a net margin of 0.30%. The business had revenue of $9.99 million during the quarter.

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.