Rumble Inc. (NASDAQ:RUMBW – Get Free Report) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,762 shares, a decrease of 41.7% from the April 30th total of 4,736 shares. Based on an average daily trading volume, of 37,296 shares, the days-to-cover ratio is presently 0.1 days.
Rumble Price Performance
Shares of RUMBW stock traded up $0.04 during trading hours on Thursday, hitting $2.21. 16,358 shares of the company’s stock traded hands, compared to its average volume of 20,527. Rumble has a 12 month low of $0.76 and a 12 month high of $3.76. The stock’s 50 day simple moving average is $1.52 and its 200 day simple moving average is $1.67.
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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