Short Interest in Auddia Inc. (NASDAQ:AUUD) Increases By 36.5%

Auddia Inc. (NASDAQ:AUUD) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 91,048 shares, an increase of 36.5% from the December 15th total of 66,708 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average trading volume of 136,628 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 136,628 shares, the days-to-cover ratio is currently 0.7 days. Currently, 3.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Auddia stock. Virtu Financial LLC purchased a new stake in shares of Auddia Inc. (NASDAQ:AUUD) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned about 1.33% of Auddia at the end of the most recent quarter.

Auddia Stock Performance

Auddia stock opened at $0.94 on Friday. Auddia has a one year low of $0.82 and a one year high of $14.60. The stock has a fifty day moving average of $1.04 and a 200 day moving average of $2.12. The stock has a market cap of $2.90 million, a PE ratio of -0.04 and a beta of 1.00.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Auddia in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Auddia has a consensus rating of “Sell”.

Auddia Company Profile

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.