Short Interest in Rumble Inc. (NASDAQ:RUMBW) Drops By 38.4%

Rumble Inc. (NASDAQ:RUMBW) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 3,343 shares, a decrease of 38.4% from the February 26th total of 5,425 shares. Based on an average trading volume of 15,032 shares, the short-interest ratio is presently 0.2 days.

Rumble Trading Down 3.8%

Shares of Rumble stock traded down $0.04 during trading on Friday, reaching $0.99. The company’s stock had a trading volume of 7,115 shares, compared to its average volume of 12,209. Rumble has a one year low of $0.90 and a one year high of $4.25. The business’s fifty day moving average price is $1.43 and its 200-day moving average price is $1.88.

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.