Edison Nation Inc (NASDAQ:EDNT) Short Interest Down 39.7% in September

Edison Nation Inc (NASDAQ:EDNT) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 24,600 shares, a decline of 39.7% from the August 30th total of 40,800 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 67,500 shares, the days-to-cover ratio is currently 0.4 days.

A hedge fund recently bought a new stake in Edison Nation stock. Citadel Advisors LLC purchased a new stake in Edison Nation Inc (NASDAQ:EDNT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,618 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned 0.27% of Edison Nation at the end of the most recent quarter. 0.68% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:EDNT traded up $0.01 during trading hours on Friday, reaching $2.12. The company had a trading volume of 12,775 shares, compared to its average volume of 12,269. Edison Nation has a 1-year low of $1.67 and a 1-year high of $7.40. The stock has a 50 day moving average price of $2.39.

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

About Edison Nation

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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