Auddia Inc. (NASDAQ:AUUD – Get Rating) was the recipient of a significant drop in short interest in the month of December. As of December 30th, there was short interest totalling 80,400 shares, a drop of 6.1% from the December 15th total of 85,600 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 19,100 shares, the days-to-cover ratio is currently 4.2 days.
Institutional Trading of Auddia
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AUUD. Citadel Advisors LLC increased its position in Auddia by 103.8% in the third quarter. Citadel Advisors LLC now owns 22,605 shares of the company’s stock worth $30,000 after purchasing an additional 11,511 shares during the period. Phillips Financial Management LLC acquired a new position in shares of Auddia during the 3rd quarter worth about $50,000. Renaissance Technologies LLC acquired a new position in shares of Auddia during the 2nd quarter worth about $65,000. UBS Group AG grew its position in shares of Auddia by 4,981.8% during the 1st quarter. UBS Group AG now owns 33,438 shares of the company’s stock worth $68,000 after buying an additional 32,780 shares during the period. Finally, Woodley Farra Manion Portfolio Management Inc. grew its position in shares of Auddia by 25.2% during the 2nd quarter. Woodley Farra Manion Portfolio Management Inc. now owns 183,272 shares of the company’s stock worth $160,000 after buying an additional 36,833 shares during the period. 8.56% of the stock is currently owned by institutional investors and hedge funds.
Auddia Trading Down 2.8 %
Shares of AUUD stock opened at $1.04 on Tuesday. The stock has a 50-day moving average price of $1.12 and a 200 day moving average price of $1.16. Auddia has a 12 month low of $0.83 and a 12 month high of $2.57.
Auddia Company Profile
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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