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

Zedge, Inc. (NYSEAMERICAN:ZDGE) saw a significant 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. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 112,300 shares, the short-interest ratio is presently 0.1 days.

Zedge Stock Performance

ZDGE traded up $0.11 during trading hours on Friday, reaching $2.21. The company’s stock had a trading volume of 30,535 shares, compared to its average volume of 63,850. The stock has a market capitalization of $30.10 million, a PE ratio of -3.30 and a beta of 1.25. Zedge has a fifty-two week low of $1.93 and a fifty-two week high of $4.37.

Hedge Funds Weigh In On Zedge

Several large investors have recently modified their holdings of ZDGE. FMR LLC lifted its stake in Zedge by 30.2% during the third quarter. FMR LLC now owns 44,414 shares of the company’s stock worth $164,000 after purchasing an additional 10,293 shares in the last quarter. Virtu Financial LLC acquired a new position in Zedge in the 3rd quarter valued at about $44,000. XTX Topco Ltd acquired a new position in shares of Zedge in the fourth quarter valued at approximately $40,000. Jane Street Group LLC acquired a new position in shares of Zedge in the fourth quarter valued at approximately $53,000. Finally, Squarepoint Ops LLC purchased a new stake in Zedge during the 4th quarter worth approximately $71,000. Institutional investors and hedge funds 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.