Rumble Inc. (NASDAQ:RUMBW – Get Free Report) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 50,687 shares, a growth of 201.0% from the June 15th total of 16,837 shares. Based on an average daily volume of 13,993 shares, the short-interest ratio is presently 3.6 days.
Rumble Stock Down 10.3%
Shares of NASDAQ RUMBW traded down $0.19 during midday trading on Monday, reaching $1.66. The company’s stock had a trading volume of 1,278 shares, compared to its average volume of 19,281. The company has a 50 day moving average price of $1.98 and a 200 day moving average price of $1.66. Rumble has a one year low of $0.76 and a one year high of $3.74.
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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