Edgio, Inc. (NASDAQ:EGIO) Short Interest Update

Edgio, Inc. (NASDAQ:EGIO) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 178,300 shares, an increase of 97.7% from the February 29th total of 90,200 shares. Based on an average daily trading volume, of 54,900 shares, the short-interest ratio is presently 3.2 days. Approximately 5.3% of the company’s stock are short sold.

Edgio Stock Up 0.7 %

Shares of Edgio stock traded up $0.07 on Thursday, reaching $9.65. The stock had a trading volume of 35,442 shares, compared to its average volume of 55,452. The company has a 50 day moving average price of $9.24 and a 200 day moving average price of $18.83. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.89. Edgio has a 1 year low of $6.67 and a 1 year high of $44.00. The stock has a market capitalization of $56.26 million, a P/E ratio of -0.38 and a beta of 0.40.

Institutional Trading of Edgio

Several large investors have recently bought and sold shares of the stock. Cedar Brook Financial Partners LLC grew its position in Edgio by 25.0% during the 3rd quarter. Cedar Brook Financial Partners LLC now owns 75,000 shares of the company’s stock worth $64,000 after purchasing an additional 15,000 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in Edgio by 15.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 142,200 shares of the company’s stock valued at $96,000 after acquiring an additional 18,800 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in Edgio during the 4th quarter valued at approximately $26,000. Deutsche Bank AG lifted its stake in Edgio by 2.0% during the 1st quarter. Deutsche Bank AG now owns 1,172,785 shares of the company’s stock valued at $928,000 after acquiring an additional 23,382 shares during the period. Finally, MetLife Investment Management LLC acquired a new stake in Edgio during the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 23.16% of the company’s stock.

Edgio Company Profile

Edgio, Inc provides edge-enabled software solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates private global networks with distributed computing resources and extensive connectivity to last-mile broadband network providers; offers live and on-demand video delivery services; and provides platform, media, and application solutions.