Educational Development Corporation (NASDAQ:EDUC) Short Interest Down 23.8% in December

Educational Development Corporation (NASDAQ:EDUC) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 45,332 shares, a decline of 23.8% from the November 30th total of 59,463 shares. Based on an average daily volume of 19,261 shares, the short-interest ratio is presently 2.4 days. Approximately 0.7% of the shares of the company are sold short. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 19,261 shares, the short-interest ratio is presently 2.4 days.

Institutional Investors Weigh In On Educational Development

A hedge fund recently bought a new stake in Educational Development stock. Citadel Advisors LLC bought a new position in shares of Educational Development Corporation (NASDAQ:EDUC) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 26,852 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned approximately 0.31% of Educational Development as of its most recent SEC filing. 19.60% of the stock is owned by institutional investors and hedge funds.

Educational Development Price Performance

NASDAQ:EDUC traded up $0.03 during mid-day trading on Tuesday, reaching $1.35. The stock had a trading volume of 2,659 shares, compared to its average volume of 153,894. The stock has a market cap of $11.54 million, a P/E ratio of -2.49 and a beta of 1.07. The business’s 50 day moving average is $1.35 and its 200 day moving average is $1.31. Educational Development has a fifty-two week low of $0.92 and a fifty-two week high of $1.93.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings data on Thursday, October 9th. The company reported ($0.15) EPS for the quarter. The company had revenue of $4.62 million for the quarter. Educational Development had a negative net margin of 15.48% and a negative return on equity of 11.37%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Educational Development in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Educational Development currently has a consensus rating of “Sell”.

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.