Zedge, Inc. (NYSEAMERICAN:ZDGE) Sees Significant Decline in Short Interest

Zedge, Inc. (NYSEAMERICAN:ZDGE) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 23,600 shares, a decrease of 15.1% from the January 31st total of 27,800 shares. Based on an average trading volume of 113,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Zedge

A number of institutional investors have recently made changes to their positions in ZDGE. XTX Topco Ltd acquired a new position in Zedge during the 4th quarter worth $40,000. Virtu Financial LLC acquired a new stake in Zedge in the third quarter valued at approximately $44,000. Jane Street Group LLC acquired a new stake in Zedge in the fourth quarter valued at approximately $53,000. Squarepoint Ops LLC purchased a new position in Zedge in the fourth quarter worth approximately $71,000. Finally, FMR LLC grew its holdings in Zedge by 30.2% during the 3rd quarter. FMR LLC now owns 44,414 shares of the company’s stock worth $164,000 after acquiring an additional 10,293 shares in the last quarter. 29.37% of the stock is currently owned by institutional investors and hedge funds.

Zedge Stock Performance

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

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.