Auddia Inc. (NASDAQ:AUUD) Short Interest Up 40.3% in March

Auddia Inc. (NASDAQ:AUUDGet Rating) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 250,500 shares, a growth of 40.3% from the March 15th total of 178,500 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 190,800 shares, the short-interest ratio is currently 1.3 days.

Separately, Maxim Group initiated coverage on Auddia in a research report on Friday, February 18th. They set a “buy” rating and a $5.00 target price on the stock.

Shares of NASDAQ:AUUD opened at $2.02 on Friday. Auddia has a 1 year low of $1.44 and a 1 year high of $9.30. The business’s 50 day moving average price is $1.87 and its 200-day moving average price is $2.03.

Large investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new position in shares of Auddia during the 2nd quarter valued at approximately $60,000. BlackRock Inc. raised its stake in Auddia by 40.3% in the 4th quarter. BlackRock Inc. now owns 23,777 shares of the company’s stock valued at $42,000 after purchasing an additional 6,834 shares during the last quarter. State Street Corp acquired a new position in Auddia in the 4th quarter valued at $50,000. Finally, Geode Capital Management LLC raised its stake in Auddia by 86.8% in the 3rd quarter. Geode Capital Management LLC now owns 41,914 shares of the company’s stock valued at $101,000 after purchasing an additional 19,482 shares during the last quarter. Hedge funds and other institutional investors own 3.61% of the company’s stock.

Auddia Company Profile (Get Rating)

Auddia Inc, a technology company, develops software products for the audio and podcast markets. The company's flagship product is Faidr, a subscription based mobile application that enables users to listen to various streaming AM/FM radio stations without commercials. It also provides Vodacast, an interactive podcasting platform and application; and Vodcast Hub, a content management system.

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