Rumble Inc. (NASDAQ:RUMBW – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,762 shares, a drop 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 currently 0.1 days.
Rumble Trading Up 7.8%
Shares of RUMBW opened at $2.62 on Tuesday. The stock has a fifty day moving average price of $1.47 and a two-hundred day moving average price of $1.67. Rumble has a 52-week low of $0.76 and a 52-week high of $3.76.
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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