Short Interest Watching: What’s in Zedge Incorporated (NYSEMKT:ZDGE) After Decline in Shorted Shares?

November 22, 2016 - By Vivian Park   ·   0 Comments

Short Interest Watching: What’s in Zedge Incorporated (NYSEMKT:ZDGE) After Decline in Shorted Shares?

The stock of Zedge Incorporated (NYSEMKT:ZDGE) registered a decrease of 22.33% in short interest. ZDGE’s total short interest was 31,300 shares in November as published by FINRA. Its down 22.33% from 40,300 shares, reported previously. With 41,800 shares average volume, it will take short sellers 1 days to cover their ZDGE’s short positions. The short interest to Zedge Incorporated’s float is 0.38%. The stock closed at $3.79 during the last session. It is down 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.

Zedge, Inc. is a provider of content distribution platforms, centered on self-expression, enabling both creators looking to promote their content and clients utilizing such content to express their identity, feelings, tastes and interests. The company has a market cap of $35.98 million. The Company’s platform enables clients to personalize their mobile devices with free, ringtones, wallpapers, home screen application icons and notification sounds. It has a 36 P/E ratio. The users primarily access the Company’s content through its smartphone application, called Zedge.

ZDGE Company Profile

Zedge, Inc., incorporated on August 18, 2008, is a well-known provider of content distribution platforms, centered on self-expression, enabling both creators looking to promote their content and clients utilizing such content to express their identity, feelings, tastes and interests. The Company’s platform enables clients to personalize their mobile devices with free, ringtones, wallpapers, home screen application icons and notification sounds. The users primarily access the Company’s content through its smartphone application, called Zedge. The Company’s smartphone application is available in the Google Play and iTunes application stores.

Another recent and important Zedge Inc (NYSEMKT:ZDGE) news was published by Quotes.Wsj.com which published an article titled: “DOW JONES, A NEWS CORP COMPANY” on July 26, 2015.

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By Vivian Park


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