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

Educational Development Co. (NASDAQ:EDUC) was the recipient of a large drop in short interest in 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. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 11,900 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On Educational Development

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ridgewood Investments LLC grew its position in shares of Educational Development by 158.8% in the 4th quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock worth $100,000 after buying an additional 37,022 shares during the last quarter. Needham Investment Management LLC grew its position in shares of 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 during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Educational Development in the 4th quarter worth approximately $41,000. 19.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Educational Development in a report on Friday, February 14th. They issued a “strong-buy” rating on the stock.

Educational Development Stock Performance

Shares of NASDAQ EDUC opened at $1.53 on Thursday. The stock has a market cap of $13.13 million, a price-to-earnings ratio of -2.32 and a beta of 1.05. 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 1-year low of $1.46 and a 1-year high of $2.95. The stock’s 50-day moving average is $1.64 and its 200 day moving average is $1.89.

Educational Development (NASDAQ:EDUC) last announced its quarterly earnings data 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%.

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.