Educational Development Corporation (NASDAQ:EDUC – Get Free Report) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 4,872 shares, a decrease of 40.8% from the April 15th total of 8,234 shares. Based on an average daily trading volume, of 75,488 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.
Institutional Trading of Educational Development
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC bought a new stake in Educational Development during the 4th quarter worth about $29,000. State Street Corp raised its holdings in Educational Development by 106.0% during 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 during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Educational Development during the 3rd quarter worth about $36,000. 19.60% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised Educational Development from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Educational Development Price Performance
Shares of EDUC remained flat at $1.49 during trading hours on Monday. The stock had a trading volume of 683 shares, compared to its average volume of 34,514. Educational Development has a twelve month low of $1.01 and a twelve month high of $1.84. The stock has a market capitalization of $12.68 million, a price-to-earnings ratio of 3.17 and a beta of 1.02. The firm has a fifty day simple moving average of $1.37 and a two-hundred day simple moving average of $1.36.
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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