WiSA Technologies, Inc. (NASDAQ:WISA) Short Interest Up 673.8% in March

WiSA Technologies, Inc. (NASDAQ:WISAGet Free Report) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 5,940,000 shares, an increase of 673.8% from the February 29th total of 767,600 shares. Based on an average trading volume of 17,790,000 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On WiSA Technologies

A number of large investors have recently bought and sold shares of the business. Sabby Management LLC purchased a new stake in shares of WiSA Technologies in the 1st quarter worth $181,000. Anson Funds Management LP purchased a new stake in shares of WiSA Technologies in the 1st quarter worth $118,000. Finally, Bank of America Corp DE purchased a new stake in shares of WiSA Technologies in the 1st quarter worth $25,000. Hedge funds and other institutional investors own 0.66% of the company’s stock.

WiSA Technologies Stock Performance

WISA opened at $0.02 on Thursday. The business has a fifty day moving average of $0.06 and a 200 day moving average of $0.19. WiSA Technologies has a 52-week low of $0.02 and a 52-week high of $2.77.

WiSA Technologies Company Profile

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WiSA Technologies, Inc develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems in the United States and Europe. The company offers wireless modules. It serves primarily to consumer electronics companies. The company was formerly known as Summit Wireless Technologies, Inc and changed its name to WiSA Technologies Inc in March 2022.

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