Short Interest in Educational Development Co. (NASDAQ:EDUC) Declines By 38.9%

Educational Development Co. (NASDAQ:EDUC) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 11,000 shares, a decrease of 38.9% from the November 30th total of 18,000 shares. Based on an average daily volume of 18,800 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Educational Development Price Performance

Educational Development stock opened at $1.60 on Friday. Educational Development has a 52 week low of $0.91 and a 52 week high of $2.95. The firm has a market cap of $13.73 million, a P/E ratio of -5.00 and a beta of 1.05. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 3.67. The business’s fifty day moving average is $1.88 and its two-hundred day moving average is $1.99.

Educational Development (NASDAQ:EDUC) last released its earnings results on Thursday, October 10th. The company reported ($0.22) EPS for the quarter. Educational Development had a negative return on equity of 6.08% and a negative net margin of 6.42%. The business had revenue of $6.51 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Educational Development in a report on Friday, December 20th. They set a “strong-buy” rating on the stock.

Hedge Funds Weigh In On Educational Development

A hedge fund recently raised its stake in Educational Development stock. Needham Investment Management LLC increased its holdings in shares of Educational Development Co. (NASDAQ:EDUC) by 7.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 805,000 shares of the company’s stock after purchasing an additional 55,000 shares during the period. Needham Investment Management LLC owned 9.38% of Educational Development worth $1,884,000 as of its most recent filing with the SEC. 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.