Zedge Inc (NYSEAMERICAN:ZDGE) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 40,200 shares, an increase of 318.8% from the April 30th total of 9,600 shares. Based on an average trading volume of 8,600 shares, the days-to-cover ratio is currently 4.7 days. Currently, 0.5% of the company’s shares are short sold.

In other Zedge news, Director Howard S. Jonas bought 47,394 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was bought at an average price of $2.11 per share, for a total transaction of $100,001.34. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

An institutional investor recently raised its position in Zedge stock. Old West Investment Management LLC increased its position in Zedge Inc (NYSEAMERICAN:ZDGE) by 29.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,409,063 shares of the company’s stock after purchasing an additional 317,690 shares during the period. Zedge accounts for 0.9% of Old West Investment Management LLC’s portfolio, making the stock its 14th biggest position. Old West Investment Management LLC owned approximately 14.40% of Zedge worth $3,449,000 at the end of the most recent quarter.

Shares of Zedge stock traded down $0.01 during midday trading on Monday, reaching $1.80. 8,412 shares of the company’s stock traded hands, compared to its average volume of 7,012. Zedge has a 12 month low of $1.64 and a 12 month high of $4.16.

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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.

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