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

Zedge, Inc. (NYSEAMERICAN:ZDGE) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 15,800 shares, an increase of 54.9% from the October 15th total of 10,200 shares. Based on an average trading volume of 59,800 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Zedge Trading Down 1.1 %

Shares of NYSEAMERICAN ZDGE traded down $0.03 during mid-day trading on Friday, hitting $2.75. The company had a trading volume of 15,937 shares, compared to its average volume of 64,641. The stock has a market cap of $37.46 million, a P/E ratio of -4.23 and a beta of 1.28. Zedge has a 1-year low of $1.70 and a 1-year high of $5.18.

Zedge (NYSEAMERICAN:ZDGE) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter. Zedge had a negative net margin of 30.48% and a positive return on equity of 2.74%. The company had revenue of $7.58 million during the quarter.

Institutional Trading of Zedge

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC raised its stake in Zedge by 30.2% in the third quarter. FMR LLC now owns 44,414 shares of the company’s stock valued at $164,000 after buying an additional 10,293 shares in the last quarter. Heron Bay Capital Management raised its stake in Zedge by 45.6% in the second quarter. Heron Bay Capital Management now owns 53,762 shares of the company’s stock valued at $164,000 after buying an additional 16,838 shares in the last quarter. Renaissance Technologies LLC raised its stake in Zedge by 2.9% in the second quarter. Renaissance Technologies LLC now owns 505,014 shares of the company’s stock valued at $1,540,000 after buying an additional 14,404 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Zedge by 17.4% in the second quarter. Dimensional Fund Advisors LP now owns 108,035 shares of the company’s stock valued at $330,000 after buying an additional 16,028 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in Zedge in the second quarter valued at $51,000. 29.37% of the stock is currently owned by institutional investors and hedge funds.

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.