Short Interest in Zedge Inc (NYSEAMERICAN:ZDGE) Rises By 110.1%

Zedge Inc (NYSEAMERICAN:ZDGE) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 14,500 shares, a growth of 110.1% from the September 30th total of 6,900 shares. Based on an average daily trading volume, of 5,800 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.2% of the shares of the company are short sold.

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

NYSEAMERICAN ZDGE opened at $1.65 on Thursday. Zedge has a 52 week low of $1.33 and a 52 week high of $3.65.

About Zedge

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.

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