Short Interest in Zedge, Inc. (NYSEAMERICAN:ZDGE) Decreases By 38.1%

Zedge, Inc. (NYSEAMERICAN:ZDGE) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 27,800 shares, a decline of 38.1% from the January 15th total of 44,900 shares. Based on an average daily volume of 115,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Zedge

An institutional investor recently raised its position in Zedge stock. FMR LLC raised its holdings in shares of Zedge, Inc. (NYSEAMERICAN:ZDGE) by 30.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,414 shares of the company’s stock after purchasing an additional 10,293 shares during the period. FMR LLC owned 0.33% of Zedge worth $164,000 as of its most recent SEC filing. Institutional investors own 29.37% of the company’s stock.

Zedge Trading Up 1.1 %

Shares of ZDGE stock opened at $2.85 on Thursday. The firm has a market cap of $38.82 million, a PE ratio of 147.00 and a beta of 1.25. Zedge has a 12 month low of $1.93 and a 12 month high of $4.69.

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.