Short Interest in Educational Development Corporation (NASDAQ:EDUC) Declines By 74.3%

Educational Development Corporation (NASDAQ:EDUC) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,252 shares, a decrease of 74.3% from the April 30th total of 4,872 shares. Based on an average daily volume of 35,257 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its stake in Educational Development by 106.0% during the fourth quarter. State Street Corp now owns 31,876 shares of the company’s stock valued at $42,000 after purchasing an additional 16,400 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Educational Development during the third quarter valued at approximately $36,000. Finally, Bridgeway Capital Management LLC acquired a new stake in shares of Educational Development during the 4th quarter valued at $29,000. 19.60% of the stock is currently owned by institutional investors.

Educational Development Price Performance

Shares of Educational Development stock traded up $0.01 on Friday, hitting $1.46. The company had a trading volume of 328,979 shares, compared to its average volume of 42,069. The business has a 50-day simple moving average of $1.38 and a 200-day simple moving average of $1.36. The company has a market cap of $12.42 million, a PE ratio of 5.62 and a beta of 1.02. Educational Development has a 52 week low of $1.01 and a 52 week high of $1.84.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Educational Development from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Educational Development

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.