Edison Nation Inc (NASDAQ:EDNT) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 11,300 shares, a decline of 8.9% from the September 30th total of 12,400 shares. Based on an average daily trading volume, of 67,200 shares, the short-interest ratio is currently 0.2 days. Currently, 0.5% of the shares of the stock are sold short.
NASDAQ:EDNT opened at $2.04 on Tuesday. Edison Nation has a 12 month low of $1.67 and a 12 month high of $6.87. The business’s 50 day moving average price is $2.12.
An institutional investor recently bought a new position in Edison Nation stock. Citadel Advisors LLC acquired a new position in shares of Edison Nation Inc (NASDAQ:EDNT) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 15,618 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned approximately 0.27% of Edison Nation at the end of the most recent quarter. 0.66% of the stock is owned by institutional investors and hedge funds.
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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