Short Interest in Educational Development Co. (NASDAQ:EDUC) Declines By 9.8%

Educational Development Co. (NASDAQ:EDUC) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 15,600 shares, a decrease of 9.8% from the August 15th total of 17,300 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is presently 1.8 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Educational Development in a research report on Sunday. They set a “strong-buy” rating for the company.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Educational Development stock. Ridgewood Investments LLC acquired a new stake in Educational Development Co. (NASDAQ:EDUC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned about 0.28% of Educational Development as of its most recent SEC filing. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Educational Development Stock Down 0.5 %

NASDAQ EDUC traded down $0.01 during trading hours on Tuesday, hitting $2.01. 2,152 shares of the company traded hands, compared to its average volume of 20,673. The business’s 50-day moving average is $2.05 and its 200-day moving average is $2.04. Educational Development has a twelve month low of $0.80 and a twelve month high of $2.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.40 and a current ratio of 3.74. The stock has a market capitalization of $17.24 million, a price-to-earnings ratio of 67.00 and a beta of 1.06.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings results on Thursday, July 11th. The company reported ($0.15) EPS for the quarter. Educational Development had a net margin of 0.30% and a return on equity of 0.31%. The company had revenue of $9.99 million for the quarter.

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.