Short Interest in Auddia Inc. (NASDAQ:AUUD) Drops By 38.4%

Auddia Inc. (NASDAQ:AUUD) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 31,500 shares, adeclineof38.4% from the July 15th total of 51,100 shares. Currently,6.3% of the company’s stock are sold short. Based on an average trading volume of 821,900 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 821,900 shares, the days-to-cover ratio is presently 0.0 days. Currently,6.3% of the company’s stock are sold short.

Auddia Stock Down 8.5%

NASDAQ AUUD opened at $2.26 on Tuesday. The stock has a market capitalization of $2.60 million, a PE ratio of -0.07 and a beta of 1.06. The company has a 50 day moving average price of $4.23 and a two-hundred day moving average price of $4.68. Auddia has a 12-month low of $2.18 and a 12-month high of $31.62.

Auddia (NASDAQ:AUUD) last posted its earnings results on Friday, August 8th. The company reported ($2.95) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.89) by ($1.06).

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Auddia from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd.

About Auddia

Auddia Inc, a technology company, develops AI Platform for the audio and podcast markets. The company's flagship product is faidr, which enables consumers to listen to various AM/FM radio station with commercial breaks replaced with personalized audio content, including popular and new music, news, and weather.