Rumble Inc. (NASDAQ:RUMBW – Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 3,343 shares, a drop of 38.4% from the February 26th total of 5,425 shares. Based on an average trading volume of 15,032 shares, the days-to-cover ratio is currently 0.2 days.
Rumble Trading Down 2.0%
Shares of NASDAQ:RUMBW opened at $1.03 on Friday. Rumble has a 12 month low of $0.90 and a 12 month high of $4.25. The firm’s 50-day moving average is $1.45 and its 200 day moving average is $1.89.
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.
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