Educational Development Co. (NASDAQ:EDUC) Short Interest Update

Educational Development Co. (NASDAQ:EDUC) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 29,200 shares, an increase of 11.0% from the May 31st total of 26,300 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,500 shares, the days-to-cover ratio is currently 1.6 days.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Educational Development in a research report on Thursday. They set a “strong-buy” rating for the company.

Educational Development Price Performance

Shares of EDUC stock traded down $0.04 on Monday, hitting $1.81. 10,164 shares of the company’s stock were exchanged, compared to its average volume of 26,077. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.88 and a quick ratio of 1.30. Educational Development has a 12 month low of $0.80 and a 12 month high of $2.95. The stock has a market cap of $15.55 million, a P/E ratio of 25.89 and a beta of 1.07. The company has a 50 day moving average of $1.97 and a 200 day moving average of $1.82.

Educational Development (NASDAQ:EDUC) last announced its quarterly earnings data on Tuesday, May 21st. The company reported ($0.19) earnings per share for the quarter. Educational Development had a return on equity of 1.20% and a net margin of 1.07%. The business had revenue of $8.97 million for the quarter.

Hedge Funds Weigh In On Educational Development

A hedge fund recently bought a new stake in Educational Development stock. Ridgewood Investments LLC bought a new position in Educational Development Co. (NASDAQ:EDUC) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned approximately 0.28% of Educational Development as of its most recent SEC filing. 19.60% of the stock is owned by institutional investors and hedge funds.

About Educational Development

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.