Educational Development Corpora (NASDAQ:EDUC) Traded Much Higher Than Its 50 Day Moving Average


Shares are trading at $12.80 which is quite a bit above $10.45, the stock’s 50 day moving average and much higher than the 200 day moving average of $9.86. The 50 day moving average was up $2.35 or +22.54% and the 200 day average was up $2.94. (NASDAQ:EDUC) shares saw light trading volume with 5,250 shares changing hands in the last trading session. Volume was down 68.80% under the stocks average daily volume.

Investors are more bearish on shares of Educational Development Corpora looking at the motion in short interest. The firm recorded a rise in short interest from September 15, 2017 to September 29, 2017 of 0.24%. Short interest increased 351 over that timeframe. With short interest at 148,728 and short average daily volume at 7,017, days to cover is 21.0 and the short interest percentage is 0.04% as of September 29.

These firms have modified their investment in EDUC. Blackrock Inc. trimmed its holdings by shedding 11,180 shares a decrease of 95.4% in the quarter. Blackrock Inc. now controls 539 shares with a value of $6,000. The total value of its holdings decreased 92.4%. Creative Planning downsized its stake by selling 134 shares a decrease of 67.0% as of 06/30/2017. Creative Planning controls 66 shares worth $1,000. The value of the position overall is down by 66.7%.

As of the end of the quarter Tower Research Capital LLC (trc) had sold a total of 456 shares trimming its holdings by 69.5%. The value in dollars went from $7,000 to $2,000 a change of 71.4% quarter over quarter. Ubs Group Ag augmented its investment by buying 500 shares an increase of 29.4%. Ubs Group Ag claims 2,200 shares valued at $23,000. The value of the position overall is up by 109.1%.

Educational Development Corpora currently has a P/E ratio of 12.55 and market capitalization is 52.34M.

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..