Educational Development Co. (NASDAQ:EDUC) Short Interest Up 59.1% in October

Educational Development Co. (NASDAQ:EDUC) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,500 shares, a growth of 59.1% from the September 30th total of 2,200 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is currently 0.2 days.

Shares of NASDAQ:EDUC traded up $0.04 during midday trading on Friday, reaching $6.69. The company had a trading volume of 500 shares, compared to its average volume of 11,136. The company has a quick ratio of 0.25, a current ratio of 1.89 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average price is $6.66 and its 200 day moving average price is $6.95. The stock has a market cap of $57.32 million, a PE ratio of 9.67 and a beta of 1.39. Educational Development has a 1-year low of $5.61 and a 1-year high of $12.30.

Educational Development (NASDAQ:EDUC) last released its earnings results on Thursday, October 10th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $32.54 million for the quarter. Educational Development had a return on equity of 21.70% and a net margin of 4.62%.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Wednesday, November 13th.

A hedge fund recently raised its stake in Educational Development stock. Renaissance Technologies LLC lifted its stake in Educational Development Co. (NASDAQ:EDUC) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 202,424 shares of the company’s stock after acquiring an additional 6,600 shares during the quarter. Renaissance Technologies LLC owned approximately 2.40% of Educational Development worth $1,415,000 as of its most recent SEC filing. Institutional investors own 19.24% of the company’s stock.

Separately, TheStreet downgraded Educational Development from a “b-” rating to a “c+” rating in a research note on Wednesday, August 14th.

About Educational Development

Educational Development Corporation, a publishing company, operates as a trade co-publisher of the line of educational children's books in the United States. The company offers various books, including Touchy-Feely board books, activity and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as science and math titles, and chapter books and novels.

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