Short Interest in Educational Development Corporation (NASDAQ:EDUC) Declines By 40.8%

Educational Development Corporation (NASDAQ:EDUC) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 4,872 shares, a decline of 40.8% from the April 15th total of 8,234 shares. Based on an average daily volume of 75,488 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Educational Development Price Performance

Shares of Educational Development stock traded up $0.01 on Friday, hitting $1.49. 164,032 shares of the company’s stock traded hands, compared to its average volume of 46,880. The firm’s 50-day moving average price is $1.37 and its two-hundred day moving average price is $1.36. The stock has a market capitalization of $12.68 million, a PE ratio of 3.17 and a beta of 1.02. Educational Development has a one year low of $1.01 and a one year high of $1.84.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Educational Development from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Educational Development currently has a consensus rating of “Hold”.

Institutional Trading of Educational Development

A number of large investors have recently made changes to their positions in EDUC. Citadel Advisors LLC bought a new stake in shares of Educational Development in the 3rd quarter valued at $36,000. Bridgeway Capital Management LLC bought a new stake in shares of Educational Development in the 4th quarter valued at $29,000. Finally, State Street Corp increased its position in shares of Educational Development by 106.0% in the 4th quarter. State Street Corp now owns 31,876 shares of the company’s stock valued at $42,000 after buying an additional 16,400 shares in the last quarter. Institutional investors own 19.60% of the company’s stock.

About Educational Development

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.