Auddia Inc. (NASDAQ:AUUD) Short Interest Update

Auddia Inc. (NASDAQ:AUUD) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 164,396 shares, a decline of 34.0% from the February 26th total of 248,997 shares. Based on an average trading volume of 209,751 shares, the days-to-cover ratio is presently 0.8 days. Currently, 4.5% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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

Auddia Trading Down 5.8%

Shares of AUUD stock opened at $0.77 on Friday. Auddia has a 1-year low of $0.66 and a 1-year high of $7.29. The stock has a market cap of $2.96 million, a price-to-earnings ratio of -0.03 and a beta of 1.01. The stock has a 50-day moving average of $0.87 and a 200-day moving average of $1.22.

Institutional Investors Weigh In On Auddia

A hedge fund recently bought a new stake in Auddia stock. Virtu Financial LLC bought a new position in Auddia Inc. (NASDAQ:AUUD) in 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 approximately 1.33% of Auddia as of its most recent filing with the Securities and Exchange Commission (SEC).

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.