Auddia Inc. (NASDAQ:AUUD) Short Interest Up 62.7% in December

Auddia Inc. (NASDAQ:AUUD) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 66,708 shares, an increase of 62.7% from the November 30th total of 40,999 shares. Based on an average daily trading volume, of 85,480 shares, the days-to-cover ratio is currently 0.8 days. Approximately 2.3% of the shares of the stock are short sold. Approximately 2.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 85,480 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Auddia in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Auddia

A hedge fund recently bought a new stake in Auddia stock. Virtu Financial LLC bought a new stake in Auddia Inc. (NASDAQ:AUUD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 reporting period.

Auddia Price Performance

NASDAQ AUUD traded down $0.03 on Friday, reaching $1.01. The company had a trading volume of 53,307 shares, compared to its average volume of 113,871. The firm has a market cap of $3.13 million, a price-to-earnings ratio of -0.04 and a beta of 1.01. Auddia has a fifty-two week low of $0.84 and a fifty-two week high of $14.60. The business has a 50 day moving average of $1.15 and a two-hundred day moving average of $2.51.

About Auddia

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.