Shares are trading at $12.50 significantly higher than $10.75, the 50 day moving average and well above the 200 day moving average of $10.06. The 50 day moving average was up $1.75 or +16.27% and the 200 day average went up by +24.30%. 4,813 shares changed hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 60.42% under the normal average daily volume.
Short traders are feeling a little more bullish on the company as evidenced by the motion in short interest. The stock recorded a fall in short interest of -4.19% between September 29, 2017 and October 13, 2017. Short interest decreased 6,226 over that period. With short interest at 142,502 and short average daily volume at 6,854, days to cover is 21.0 and the percentage of shorted shares was 0.03% on October 13.
These funds have shifted positions in (EDUC). As of the end of the quarter Blackrock Inc. had sold 11,180 shares trimming its stake by 95.4%. The value of the investment in Educational Development Corpora went from $79,000 to $6,000 a change of $73,000 quarter over quarter. Creative Planning cut its stake by shedding 134 shares a decrease of 67.0%. Creative Planning currently owns 66 shares valued at $1,000. The total value of its holdings decreased 66.7%.
As of quarter end Tower Research Capital LLC (trc) had disposed of a total of 456 shares trimming its holdings by 69.5%. The value of the company’s investment in Educational Development Corpora decreased from $7,000 to $2,000 decreasing 71.4% since the last quarter. As of the end of the quarter Ubs Group Ag had acquired 500 shares growing its position 29.4%. The value in dollars increased from $11,000 to $23,000 a change of 109.1% quarter to quarter.
Educational Development Corpora currently has a P/E ratio of 12.25 and market cap is 51.11M.
Educational Development Corporation (EDC), launched on August 23, 1965, is a publisher of the line of educational children’s books produced in the United Kingdom by Usborne Publishing Limited (Usborne). The Company also owns Kane Miller Book Publishers. The Company sells books through two segments: Home Business Division (Usborne Books & More or UBAM) and Publishing Division (EDC Publishing). The Company offers over 2,000 different titles, which include touchy-feely board books, activity and flashcards, adventure and search books, art books, sticker books and foreign language books. The Company has a line of Internet-linked books, which allow readers to refer to relevant non-Usborne Websites. Its books include science and math titles, as well as chapter books and novels..