Edison Nation Inc (NASDAQ:EDNT) Short Interest Up 44.7% in August

Edison Nation Inc (NASDAQ:EDNT) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 34,000 shares, a growth of 44.7% from the July 31st total of 23,500 shares. Based on an average daily trading volume, of 22,500 shares, the short-interest ratio is presently 1.5 days. Currently, 1.4% of the company’s shares are sold short.

An institutional investor recently bought a new position in Edison Nation stock. Citadel Advisors LLC acquired a new stake in Edison Nation Inc (NASDAQ:EDNT) during the second quarter, according to its most recent filing with the SEC. The firm acquired 15,618 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned about 0.27% of Edison Nation as of its most recent filing with the SEC. 0.68% of the stock is currently owned by institutional investors and hedge funds.

EDNT traded down $0.05 during mid-day trading on Friday, reaching $2.40. The stock had a trading volume of 34,089 shares, compared to its average volume of 37,998. The stock has a fifty day moving average price of $2.22. Edison Nation has a 52 week low of $1.67 and a 52 week high of $7.83.

Edison Nation (NASDAQ:EDNT) last announced its quarterly earnings data on Thursday, August 15th. The company reported ($0.30) EPS for the quarter. The business had revenue of $5.97 million during the quarter.

Edison Nation Company Profile

Edison Nation, Inc, through its subsidiaries, primarily designs, manufactures, and sells various toy products directly to retailers or direct to consumers via e-commerce in North America, Asia, and Europe. It operates through two segments, Consumer Goods and Packaging Materials. The company produces battery-operated products for theme parks and entertainment venues; and party-related and arts and crafts-related items to retailers.

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