Edison Nation Inc (NASDAQ:EDNT) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 15,600 shares, an increase of 12.2% from the May 15th total of 13,900 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average trading volume of 26,100 shares, the short-interest ratio is presently 0.6 days.
Shares of NASDAQ:EDNT traded up $0.01 on Friday, hitting $2.22. 768 shares of the company were exchanged, compared to its average volume of 22,310. Edison Nation has a 1-year low of $1.85 and a 1-year high of $7.83. The stock has a 50 day moving average price of $2.60.
In other news, CEO Christopher Ferguson bought 14,250 shares of the stock in a transaction on Wednesday, May 22nd. The stock was bought at an average cost of $3.39 per share, for a total transaction of $48,307.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin James Ferguson bought 12,400 shares of the stock in a transaction on Wednesday, May 22nd. The stock was purchased at an average price of $3.59 per share, with a total value of $44,516.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 41,650 shares of company stock valued at $144,544. 44.60% of the stock is owned by insiders.
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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