Short Interest in Zedge Inc (NYSEAMERICAN:ZDGE) Rises By 94.4%

Zedge Inc (NYSEAMERICAN:ZDGE) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 3,500 shares, an increase of 94.4% from the July 31st total of 1,800 shares. Based on an average daily trading volume, of 8,100 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

A hedge fund recently raised its stake in Zedge stock. Kahn Brothers Group Inc. DE grew its position in Zedge Inc (NYSEAMERICAN:ZDGE) by 26.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,331 shares of the company’s stock after buying an additional 35,593 shares during the period. Kahn Brothers Group Inc. DE owned 1.63% of Zedge worth $278,000 as of its most recent SEC filing.

Shares of NYSEAMERICAN ZDGE remained flat at $$1.64 during trading on Wednesday. The stock had a trading volume of 3,600 shares, compared to its average volume of 7,175. Zedge has a fifty-two week low of $1.33 and a fifty-two week high of $3.65.

Zedge (NYSEAMERICAN:ZDGE) last announced its quarterly earnings results on Wednesday, June 12th. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $1.91 million for the quarter.

Zedge Company Profile

Zedge, Inc provides content discovery and creation platform for smartphones worldwide. Its platform enables consumers to personalize their mobile devices with free ringtones, wallpapers, home screen app icons, widgets, and notification sounds. The company was incorporated in 2008 and is based in New York, New York.

Further Reading: How does the Beige Book influence monetary policy?

Receive News & Ratings for Zedge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zedge and related companies with's FREE daily email newsletter.