Zedge, Inc. (NYSEAMERICAN:ZDGE) Short Interest Up 114.2% in March

Zedge, Inc. (NYSEAMERICAN:ZDGE) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 25,700 shares, an increase of 114.2% from the February 28th total of 12,000 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 104,600 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Zedge

A number of large investors have recently bought and sold shares of ZDGE. Virtu Financial LLC purchased a new position in shares of Zedge during the 3rd quarter valued at $44,000. XTX Topco Ltd bought a new stake in Zedge in the 4th quarter valued at about $40,000. Jane Street Group LLC bought a new position in Zedge during the fourth quarter worth about $53,000. Squarepoint Ops LLC purchased a new position in shares of Zedge in the fourth quarter worth about $71,000. Finally, FMR LLC boosted its holdings in Zedge by 30.2% in the 3rd quarter. FMR LLC now owns 44,414 shares of the company’s stock worth $164,000 after buying an additional 10,293 shares during the period. 29.37% of the stock is owned by hedge funds and other institutional investors.

Zedge Stock Down 1.7 %

Shares of Zedge stock traded down $0.04 on Friday, reaching $2.35. 62,650 shares of the company traded hands, compared to its average volume of 72,686. Zedge has a 52 week low of $1.93 and a 52 week high of $4.37. The company has a market capitalization of $32.01 million, a P/E ratio of -3.51 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.