Educational Development Co. (NASDAQ:EDUC) Short Interest Up 116.7% in February

Educational Development Co. (NASDAQ:EDUC) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 14,300 shares, an increase of 116.7% from the February 13th total of 6,600 shares. Based on an average daily trading volume, of 12,300 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.2% of the shares of the company are short sold.

Educational Development Stock Performance

Shares of EDUC stock opened at $1.27 on Friday. The stock has a market cap of $10.86 million, a PE ratio of -1.92 and a beta of 1.08. The business has a 50-day simple moving average of $1.54 and a 200-day simple moving average of $1.81. 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 has a 52-week low of $1.24 and a 52-week high of $2.95.

Educational Development (NASDAQ:EDUC) last issued 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%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Educational Development in a report on Monday, March 10th. They issued a “strong-buy” rating for the company.

Hedge Funds Weigh In On Educational Development

Several institutional investors and hedge funds have recently modified their holdings of EDUC. Needham Investment Management LLC increased its stake 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 valued at $1,884,000 after purchasing an additional 55,000 shares in the last quarter. Ridgewood Investments LLC increased its stake 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 valued at $100,000 after purchasing an additional 37,022 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Educational Development in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 19.60% of the company’s stock.

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.