Rumble Inc. (NASDAQ:RUMBW) Sees Large Drop in Short Interest

Rumble Inc. (NASDAQ:RUMBW) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 7,929 shares, a decline of 53.8% from the November 30th total of 17,179 shares. Based on an average daily volume of 10,389 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 10,389 shares, the short-interest ratio is presently 0.8 days.

Rumble Trading Down 6.9%

Shares of Rumble stock traded down $0.15 on Monday, hitting $1.95. 5,458 shares of the company traded hands, compared to its average volume of 23,687. Rumble has a 52 week low of $1.31 and a 52 week high of $5.91. The business has a 50-day simple moving average of $2.07 and a 200 day simple moving average of $2.40.

About Rumble

Rumble is a video technology company that operates a global online video platform designed to empower content creators and offer an alternative to traditional streaming services. The platform enables users to upload, host, distribute and monetize video content across a range of categories, including news, sports, politics, lifestyle and entertainment. Through an ad‐revenue sharing model and licensing agreements, Rumble provides creators with tools to generate income from their original work while retaining rights to their content.

In addition to its core video hosting service, Rumble offers enterprise‐grade solutions such as Rumble Cloud, a white-label video-streaming service for media companies and organizations seeking to deploy branded video platforms.