Zedge, Inc. (NYSEAMERICAN:ZDGE) Short Interest Down 58.4% in March

Zedge, Inc. (NYSEAMERICAN:ZDGE) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 10,700 shares, a decrease of 58.4% from the March 15th total of 25,700 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 55,300 shares, the days-to-cover ratio is currently 0.2 days.

Zedge Trading Down 0.5 %

Zedge stock traded down $0.01 during midday trading on Friday, hitting $2.10. The stock had a trading volume of 20,178 shares, compared to its average volume of 72,088. The firm has a market capitalization of $28.60 million, a price-to-earnings ratio of -3.13 and a beta of 1.25. Zedge has a 52-week low of $1.73 and a 52-week high of $4.37.

Institutional Investors Weigh In On Zedge

A number of institutional investors have recently bought and sold shares of ZDGE. FMR LLC raised its position in shares of Zedge by 30.2% during the third quarter. FMR LLC now owns 44,414 shares of the company’s stock valued at $164,000 after buying an additional 10,293 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Zedge in the 3rd quarter worth about $44,000. Welch Group LLC purchased a new stake in Zedge during the first quarter valued at approximately $29,000. XTX Topco Ltd purchased a new stake in Zedge during the 4th quarter valued at $40,000. Finally, Jane Street Group LLC purchased a new stake in shares of Zedge in the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 29.37% of the company’s stock.

Zedge Company Profile

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.