Zedge, Inc. (NYSEAMERICAN:ZDGE) Short Interest Down 49.2% in February

Zedge, Inc. (NYSEAMERICAN:ZDGE) was the recipient of a large decline in short interest during 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 stock are sold short. Based on an average daily trading volume, of 112,300 shares, the days-to-cover ratio is currently 0.1 days.

Zedge Price Performance

ZDGE stock traded up $0.11 on Friday, hitting $2.21. 30,535 shares of the company’s stock were exchanged, compared to its average volume of 63,850. The company has a market cap of $30.10 million, a price-to-earnings ratio of -3.30 and a beta of 1.25. Zedge has a 12-month low of $1.93 and a 12-month high of $4.37.

Institutional Trading of Zedge

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in Zedge in the 3rd quarter worth about $44,000. FMR LLC raised its holdings in shares of Zedge by 30.2% during 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. Squarepoint Ops LLC acquired a new position in shares of Zedge during the fourth quarter valued at approximately $71,000. Jane Street Group LLC acquired a new position in shares of Zedge during the fourth quarter valued at approximately $53,000. Finally, XTX Topco Ltd purchased a new stake in shares of Zedge in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors 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.