Zedge, Inc. (NYSEAMERICAN:ZDGE) Short Interest Down 49.2% in February

Zedge, Inc. (NYSEAMERICAN:ZDGEGet Free Report) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 12,000 shares, a decline of 49.2% from the February 13th total of 23,600 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 112,300 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Zedge

A number of institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in Zedge during the 3rd quarter valued at $44,000. XTX Topco Ltd bought a new stake in Zedge during the 4th quarter valued at $40,000. Jane Street Group LLC bought a new position in shares of Zedge in the 4th quarter worth $53,000. Squarepoint Ops LLC bought a new position in shares of Zedge in the 4th quarter worth $71,000. Finally, FMR LLC raised its position in shares of Zedge by 30.2% in the 3rd quarter. FMR LLC now owns 44,414 shares of the company’s stock worth $164,000 after acquiring an additional 10,293 shares in the last quarter. 29.37% of the stock is owned by institutional investors.

Zedge Stock Performance

Shares of ZDGE stock traded up $0.11 on Friday, reaching $2.21. 30,535 shares of the company’s stock were exchanged, compared to its average volume of 63,850. Zedge has a 52 week low of $1.93 and a 52 week high of $4.37. The firm has a market capitalization of $30.10 million, a P/E ratio of -3.30 and a beta of 1.25.

Zedge Company Profile

(Get Free Report)

Zedge, Inc builds digital marketplaces and competitive games around content that people use to express themselves. It offers the Zedge Ringtones and Wallpapers app, a freemium digital content marketplace that provides a wide array of mobile personalization content, including mobile phone wallpapers, video wallpapers, ringtones, and notification sounds.

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