Audinate Group Limited (OTCMKTS:AUDGF) Sees Significant Increase in Short Interest

Audinate Group Limited (OTCMKTS:AUDGF) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 553,949 shares, an increase of 56.5% from the January 29th total of 353,879 shares. Based on an average daily trading volume, of 420 shares, the short-interest ratio is currently 1,318.9 days. Based on an average daily trading volume, of 420 shares, the short-interest ratio is currently 1,318.9 days.

Audinate Group Stock Performance

Shares of Audinate Group stock opened at $2.31 on Friday. Audinate Group has a 1-year low of $2.15 and a 1-year high of $4.90. The business has a 50-day moving average of $2.40 and a 200-day moving average of $2.96.

Audinate Group Company Profile

Audinate Group is a technology company specializing in the development of digital media networking solutions for professional audio, video and control applications. Its flagship technology, Dante (Digital Audio Network Through Ethernet), enables the transmission of high-quality, multi-channel audio over standard Ethernet networks with near-zero latency and sample-accurate synchronization. Audinate offers a suite of software and hardware products, including Dante Controller, Dante Virtual Soundcard and Dante Domain Manager, designed to simplify the configuration, deployment and management of networked audio systems.

The company licenses its Dante technology to original equipment manufacturers in markets such as broadcast, live sound, recording studios, conferencing, education and fixed installations.