Short Interest in Zedge, Inc. (NYSEAMERICAN:ZDGE) Decreases By 49.2%

Zedge, Inc. (NYSEAMERICAN:ZDGE) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 12,000 shares, a drop of 49.2% from the February 13th total of 23,600 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 112,300 shares, the days-to-cover ratio is currently 0.1 days.

Zedge Price Performance

Shares of NYSEAMERICAN ZDGE traded up $0.11 during mid-day trading on Friday, hitting $2.21. The stock had a trading volume of 30,535 shares, compared to its average volume of 63,850. Zedge has a twelve month low of $1.93 and a twelve month high of $4.37. The company has a market cap of $30.10 million, a price-to-earnings ratio of -3.30 and a beta of 1.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZDGE. Virtu Financial LLC acquired a new stake in shares of Zedge during the 3rd quarter worth approximately $44,000. FMR LLC increased its stake in shares of 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 purchasing an additional 10,293 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Zedge in the 4th quarter worth about $71,000. Jane Street Group LLC acquired a new position in shares of Zedge during the 4th quarter worth approximately $53,000. Finally, XTX Topco Ltd purchased a new position in shares of Zedge during the 4th quarter valued at approximately $40,000. 29.37% of the stock is currently 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.