Short Interest in Zedge, Inc. (NYSEAMERICAN:ZDGE) Decreases By 15.1%

Zedge, Inc. (NYSEAMERICAN:ZDGE) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 23,600 shares, a drop of 15.1% from the January 31st total of 27,800 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 113,100 shares, the short-interest ratio is presently 0.2 days.

Zedge Stock Down 0.9 %

Shares of NYSEAMERICAN ZDGE opened at $2.33 on Wednesday. The stock has a market cap of $31.71 million, a PE ratio of -3.47 and a beta of 1.25. Zedge has a 12 month low of $1.93 and a 12 month high of $4.68.

Institutional Investors Weigh In On Zedge

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

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.