Short Interest in Educational Development Corporation (NASDAQ:EDUC) Rises By 485.5%

Educational Development Corporation (NASDAQ:EDUC) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 7,331 shares, an increase of 485.5% from the May 14th total of 1,252 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 86,297 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Educational Development from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Educational Development Price Performance

Shares of EDUC stock traded up $0.00 on Wednesday, hitting $1.36. 71,974 shares of the company’s stock were exchanged, compared to its average volume of 39,725. Educational Development has a 12 month low of $1.01 and a 12 month high of $1.84. The stock has a market cap of $11.61 million, a P/E ratio of 5.15 and a beta of 1.02. The company has a 50 day moving average of $1.40 and a 200 day moving average of $1.37.

Educational Development (NASDAQ:EDUC) last announced its quarterly earnings data on Tuesday, May 19th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.65). Educational Development had a negative return on equity of 17.66% and a net margin of 10.15%.The business had revenue of $4.18 million for the quarter, compared to the consensus estimate of $40.00 million.

Institutional Trading of Educational Development

Institutional investors and hedge funds have recently modified their holdings of the business. Bridgeway Capital Management LLC bought a new stake in shares of Educational Development during the 4th quarter worth $29,000. Citadel Advisors LLC acquired a new position in Educational Development in the 3rd quarter worth about $36,000. Finally, State Street Corp increased its holdings in Educational Development by 106.0% in the 4th quarter. State Street Corp now owns 31,876 shares of the company’s stock worth $42,000 after purchasing an additional 16,400 shares in the last quarter. 19.60% of the stock is currently owned by institutional investors.

Educational Development Company Profile

Educational Development Corporation, through its subsidiaries, engages in the direct marketing and digital retailing of educational and inspirational reading materials, including books, Bibles, devotionals, and related gift items. The company’s product portfolio extends to children’s literature, music, and home décor, targeting consumers in the faith-based and human-interest segments. Products are sold under proprietary brands across multiple online and catalog platforms.

Central to the company’s operations are its e-commerce websites and print catalogs, which support both retail and wholesale distribution channels.