Auddia Inc. (NASDAQ:AUUD) Short Interest Up 62.7% in December

Auddia Inc. (NASDAQ:AUUD) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 66,708 shares, an increase of 62.7% from the November 30th total of 40,999 shares. Approximately 2.3% of the company’s stock are sold short. Based on an average daily volume of 85,480 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 85,480 shares, the short-interest ratio is currently 0.8 days. Approximately 2.3% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Auddia in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Trading of Auddia

A hedge fund recently bought a new stake in Auddia stock. Virtu Financial LLC bought a new stake in Auddia Inc. (NASDAQ:AUUD) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned about 1.33% of Auddia as of its most recent SEC filing.

Auddia Price Performance

Shares of Auddia stock opened at $1.01 on Monday. The firm has a market cap of $3.13 million, a PE ratio of -0.04 and a beta of 1.02. Auddia has a 1 year low of $0.84 and a 1 year high of $14.60. The stock has a fifty day moving average price of $1.15 and a 200-day moving average price of $2.49.

About Auddia

Auddia Inc (NASDAQ: AUUD) develops and markets patented audio solutions that transform how live and recorded content is distributed and accessed. Through its subsidiaries AudioFetch and Podscribe, the company offers plug-and-play hardware and software for venues such as restaurants, fitness centers, and corporate waiting areas to stream live radio and other audio channels directly to patrons’ smartphones. In parallel, Auddia’s automated speech-to-text technology powers real-time closed captioning for live radio broadcasts and on-demand transcription services for podcast publishers.

The AudioFetch platform, integrated into venue networks, captures local audio feeds and delivers them via a branded mobile app or web portal.