WiSA Technologies, Inc. (NASDAQ:WISA) Short Interest Down 31.3% in August

WiSA Technologies, Inc. (NASDAQ:WISA) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 487,300 shares, a decline of 31.3% from the August 15th total of 709,200 shares. Based on an average daily trading volume, of 816,400 shares, the days-to-cover ratio is currently 0.6 days. Currently, 8.0% of the shares of the company are short sold.

WiSA Technologies Trading Down 1.3 %

Shares of NASDAQ WISA opened at $0.72 on Friday. WiSA Technologies has a twelve month low of $0.63 and a twelve month high of $72.99. The stock has a 50 day moving average of $1.07 and a two-hundred day moving average of $1.56.

WiSA Technologies (NASDAQ:WISA) last issued its quarterly earnings data on Monday, August 14th. The company reported ($1.07) earnings per share for the quarter. WiSA Technologies had a negative net margin of 523.70% and a negative return on equity of 429.26%. The firm had revenue of $0.43 million during the quarter, compared to analysts’ expectations of $0.80 million.

Institutional Investors Weigh In On WiSA Technologies

Several large investors have recently modified their holdings of the stock. Anson Funds Management LP purchased a new stake in shares of WiSA Technologies during the first quarter worth approximately $118,000. Sabby Management LLC purchased a new stake in shares of WiSA Technologies during the first quarter worth approximately $181,000. Finally, Bank of America Corp DE purchased a new stake in shares of WiSA Technologies during the first quarter worth approximately $25,000. Hedge funds and other institutional investors own 2.73% of the company’s stock.

WiSA Technologies Company Profile

WiSA Technologies, Inc develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems in Europe, North America, and the Asia Pacific. The company offers wirelessly transmit module systems. It serves immersive audio experiences primarily to consumer electronics companies.