() experienced a significant increase in short interest throughout the month of July. On June 30, there were 15,400 short shares, a 94.9% increase from the 7,900 shares on June 15. The days-to-cover is 0.4 days based on an average daily share volume of 35 200 shares. Short selling is currently 0.1% of shares.
Institutional Trading of Zedge
Several hedge funds and institutional investors recently increased or decreased their stakes ZDGE. Thompson Davis & CO. Inc. bought a new stake of shares in Zedge valued at around $29,000 during the second quarter. Jane Street Group LLC purchased a new stake of Zedge shares during the second quarter valued at $31,000. Man Group plc increased its shares of Zedge in the fourth quarter by 56.0%. Man Group plc owns 31,039 of the company’s shares worth $55,000, after purchasing an additional 11,147 during the last quarterly. Commonwealth Equity Services LLC increased its position in Zedge shares by 61.0% during the third quarter. Commonwealth Equity Services LLC owns 23,423 of the company stock, valued at $55,000. This is after buying an additional 8,875 share during the period. Engineers Gate Manager LP purchased a new Zedge position worth about $66,000 in the first quarter. The stock fell $0.04 at midday on Friday to $2.24. The trading volume was 9,695 shares compared to the average of 28,179. The company's quick ratio is 3.03, its current ratio is 3.03 and it has a debt to equity ratio of 0.05. Zedge's low for the past year is $1.62, and its high is $3.74. The company has a $31.16 million market capitalization, a P/E of -16.00, and a beta value of 1.12.
The company announced its last quarterly earnings on Monday, 12th June. The company reported $0.07 in earnings per share for the quarter. Zedge reported a return on equity (ROE) of 16.19%, and a net margin (net profit) of 6.27%. Revenue for the business was $6.73million.
Zedge Company Profile
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Zedge, Inc. builds digital marketplaces around content people use to express their own. The Zedge Ringtones and Wallpapers App is a digital marketplace with a variety of content for mobile personalization, such as mobile wallpapers and video wallpapers.
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