Zedge Inc Class B (NYSEAMERICAN:ZDGE) Has Decline in Shorts

June 16, 2018 - By Migdalia James

The stock of Zedge Inc Class B (NYSEAMERICAN:ZDGE) registered a decrease of 40.88% in short interest. ZDGE’s total short interest was 10,700 shares in June as published by FINRA. Its down 40.88% from 18,100 shares, reported previously. With 26,700 shares average volume, it will take short sellers 0 days to cover their ZDGE’s short positions. The short interest to Zedge Inc Class B’s float is 0.14%.

The stock decreased 6.20% or $0.24 during the last trading session, reaching $3.63. About 7,001 shares traded. Zedge, Inc. (NYSEAMERICAN:ZDGE) has risen 41.00% since June 16, 2017 and is uptrending. It has outperformed by 28.43% the S&P500.

Zedge, Inc. provides content distribution platforms for smartphones worldwide. The company has market cap of $36.99 million. The company??s platform enables clients to personalize their mobile devices with free ringtones, wallpapers, home screen app icons, and notification sounds. It currently has negative earnings.

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