WiSA Technologies, Inc. (NASDAQ:WISA) Sees Significant Decline in Short Interest

WiSA Technologies, Inc. (NASDAQ:WISA) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 4,140,000 shares, a decrease of 30.3% from the March 15th total of 5,940,000 shares. Based on an average trading volume of 27,260,000 shares, the short-interest ratio is currently 0.2 days.

WiSA Technologies Stock Performance

NASDAQ WISA opened at $0.02 on Friday. WiSA Technologies has a one year low of $0.02 and a one year high of $2.68. The stock’s 50 day simple moving average is $0.04 and its 200 day simple moving average is $0.14.

WiSA Technologies shares are set to reverse split before the market opens on Monday, April 15th. The 1-150 reverse split was announced on Monday, April 15th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, April 15th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Bank of America Corp DE acquired a new position in WiSA Technologies during the 1st quarter worth $25,000. Anson Funds Management LP acquired a new position in WiSA Technologies during the 1st quarter worth $118,000. Finally, Sabby Management LLC acquired a new position in WiSA Technologies during the 1st quarter worth $181,000. Institutional investors and hedge funds own 0.66% of the company’s stock.

WiSA Technologies Company Profile

WiSA Technologies, Inc develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems in the United States and Europe. The company offers wireless modules. It serves primarily to consumer electronics companies. The company was formerly known as Summit Wireless Technologies, Inc and changed its name to WiSA Technologies Inc in March 2022.