Educational Development Co. (NASDAQ:EDUC) Short Interest Down 50.0% in February

Educational Development Co. (NASDAQ:EDUC) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 6,600 shares, a drop of 50.0% from the January 31st total of 13,200 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 13,000 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Educational Development

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Needham Investment Management LLC raised its position in Educational Development by 7.3% during the third quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after purchasing an additional 55,000 shares in the last quarter. Ridgewood Investments LLC boosted its position in Educational Development by 158.8% in the fourth quarter. Ridgewood Investments LLC now owns 60,342 shares of the company’s stock valued at $100,000 after buying an additional 37,022 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Educational Development during the fourth quarter worth $41,000. 19.60% of the stock is owned by institutional investors and hedge funds.

Educational Development Stock Performance

EDUC traded down $0.01 on Friday, reaching $1.45. The company had a trading volume of 7,671 shares, compared to its average volume of 10,307. Educational Development has a fifty-two week low of $1.41 and a fifty-two week high of $2.95. The stock has a market cap of $12.45 million, a P/E ratio of -2.20 and a beta of 1.05. The company’s fifty day moving average is $1.61 and its 200 day moving average is $1.86. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.61 and a current ratio of 3.64.

Educational Development (NASDAQ:EDUC) last announced its earnings results on Monday, January 13th. The company reported ($0.10) earnings per share (EPS) for the quarter. Educational Development had a negative net margin of 15.15% and a negative return on equity of 12.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Educational Development in a research note on Sunday. They set a “strong-buy” rating on the stock.

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.