Zedge, Inc. (NYSEAMERICAN:ZDGE) Short Interest Update

Zedge, Inc. (NYSEAMERICAN:ZDGE) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 25,700 shares, a growth of 114.2% from the February 28th total of 12,000 shares. Based on an average daily volume of 104,600 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Zedge Price Performance

ZDGE traded down $0.04 on Friday, reaching $2.35. The company had a trading volume of 62,650 shares, compared to its average volume of 72,686. The stock has a market cap of $32.01 million, a PE ratio of -3.51 and a beta of 1.25. Zedge has a 1 year low of $1.93 and a 1 year high of $4.37.

Institutional Trading of Zedge

A number of large investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in Zedge during the 3rd quarter valued at approximately $44,000. FMR LLC increased its stake in Zedge by 30.2% in the 3rd 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 period. Squarepoint Ops LLC purchased a new position in Zedge during the 4th quarter worth $71,000. Jane Street Group LLC purchased a new position in Zedge during the 4th quarter worth $53,000. Finally, XTX Topco Ltd purchased a new stake in shares of Zedge in the fourth quarter valued at about $40,000. 29.37% of the stock is owned by institutional investors and hedge funds.

About Zedge

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.