Short Interest in Edison Nation Inc (NASDAQ:EDNT) Grows By 32.4%

Edison Nation Inc (NASDAQ:EDNT) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 19,600 shares, an increase of 32.4% from the August 31st total of 14,800 shares. Based on an average daily volume of 321,700 shares, the days-to-cover ratio is presently 0.1 days.

An institutional investor recently bought a new position in Edison Nation stock. Virtu Financial LLC acquired a new stake in shares of Edison Nation Inc (NASDAQ:EDNT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 15,062 shares of the company’s stock, valued at approximately $46,000. Virtu Financial LLC owned 0.16% of Edison Nation at the end of the most recent quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Edison Nation stock traded down $0.04 during mid-day trading on Thursday, reaching $1.77. 5,055 shares of the company traded hands, compared to its average volume of 371,415. The firm’s 50 day moving average price is $2.25 and its 200 day moving average price is $2.49. The firm has a market capitalization of $21.20 million, a price-to-earnings ratio of -0.95 and a beta of 0.69. Edison Nation has a 52-week low of $1.32 and a 52-week high of $5.20.

Edison Nation (NASDAQ:EDNT) last issued its quarterly earnings data on Tuesday, June 30th. The company reported ($0.27) earnings per share (EPS) for the quarter. The business had revenue of $3.67 million for the quarter.

About Edison Nation

Edison Nation, Inc operates as a consumer product research and development, manufacturing, sales, and fulfillment company worldwide. The company also creates, manufactures, and markets products for the infants/toddlers under the Cloud b brand name through its e-commerce site and other online e-tailers, as well as specialty boutiques, gift stores, and retailers.

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