Educational Development Co. (NASDAQ:EDUC) Short Interest Up 116.7% in February

Educational Development Co. (NASDAQ:EDUC) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 14,300 shares, an increase of 116.7% from the February 13th total of 6,600 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,300 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Educational Development in a report on Monday, March 10th. They set a “strong-buy” rating on the stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EDUC. Needham Investment Management LLC lifted its holdings in Educational Development by 7.3% in the third quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after acquiring an additional 55,000 shares during the last quarter. Ridgewood Investments LLC lifted its holdings 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 acquiring an additional 37,022 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Educational Development in the fourth quarter valued at approximately $41,000. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Educational Development Trading Up 1.2 %

Shares of Educational Development stock opened at $1.27 on Friday. The stock has a market cap of $10.86 million, a P/E ratio of -1.92 and a beta of 1.08. The stock’s 50 day simple moving average is $1.54 and its 200-day simple moving average is $1.81. Educational Development has a 1-year low of $1.24 and a 1-year high of $2.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.64 and a quick ratio of 1.61.

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

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.