Auddia Inc. (NASDAQ:AUUD) Sees Significant Growth in Short Interest

Auddia Inc. (NASDAQ:AUUDGet Free Report) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 130,467 shares, a growth of 55.4% from the January 15th total of 83,974 shares. Based on an average trading volume of 305,955 shares, the days-to-cover ratio is presently 0.4 days. Approximately 4.5% of the company’s shares are short sold. Approximately 4.5% of the company’s shares are short sold. Based on an average trading volume of 305,955 shares, the days-to-cover ratio is presently 0.4 days.

Auddia Price Performance

Shares of Auddia stock opened at $0.67 on Monday. The firm has a market cap of $2.09 million, a price-to-earnings ratio of -0.03 and a beta of 1.01. The stock’s 50-day moving average is $0.97 and its 200-day moving average is $1.59. Auddia has a one year low of $0.66 and a one year high of $14.60.

Hedge Funds Weigh In On Auddia

An institutional investor recently bought a new position in Auddia stock. Geode Capital Management LLC acquired a new stake in Auddia Inc. (NASDAQ:AUUDFree Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned about 0.86% of Auddia as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Auddia in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Read Our Latest Stock Report on AUUD

About Auddia

(Get Free Report)

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.

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