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

Zedge, Inc. (NYSEAMERICAN:ZDGE) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 10,700 shares, a drop of 58.4% from the March 15th total of 25,700 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 55,300 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Zedge

Hedge funds and other institutional investors have recently made changes to their positions in the company. Welch Group LLC purchased a new stake in shares of Zedge in the 1st quarter worth approximately $29,000. Squarepoint Ops LLC bought a new position in Zedge in the fourth quarter worth approximately $71,000. Jane Street Group LLC purchased a new stake in Zedge during the fourth quarter worth $53,000. XTX Topco Ltd bought a new stake in Zedge during the 4th quarter valued at $40,000. Finally, Virtu Financial LLC purchased a new position in shares of Zedge in the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 29.37% of the company’s stock.

Zedge Trading Up 7.7 %

NYSEAMERICAN:ZDGE opened at $2.09 on Wednesday. Zedge has a 12 month low of $1.73 and a 12 month high of $4.37. The stock has a market capitalization of $28.47 million, a P/E ratio of -3.12 and a beta of 1.25.

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.