Educational Development Corporation (NASDAQ:EDUC – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 7,331 shares, a growth of 485.5% from the May 14th total of 1,252 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 86,297 shares, the short-interest ratio is presently 0.1 days.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded shares of Educational Development from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.
Read Our Latest Research Report on Educational Development
Educational Development Price Performance
Educational Development (NASDAQ:EDUC – Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $40.00 million.
Institutional Trading of Educational Development
Several hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp raised its stake 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. Bridgeway Capital Management LLC acquired a new stake in Educational Development in the 4th quarter worth about $29,000. Finally, Citadel Advisors LLC acquired a new stake in Educational Development in the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 19.60% of the company’s stock.
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.
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