Rumble Inc. (NASDAQ:RUMBW – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 6,489 shares, an increase of 134.9% from the May 14th total of 2,762 shares. Based on an average daily trading volume, of 23,856 shares, the short-interest ratio is currently 0.3 days.
Rumble Price Performance
NASDAQ:RUMBW opened at $2.00 on Monday. Rumble has a 12-month low of $0.76 and a 12-month high of $3.74. The firm has a 50-day moving average price of $1.67 and a 200 day moving average price of $1.70.
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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