Auddia Inc. (NASDAQ:AUUD) Short Interest Up 95.7% in February

Auddia Inc. (NASDAQ:AUUD) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 248,997 shares, an increase of 95.7% from the February 12th total of 127,243 shares. Based on an average daily trading volume, of 13,316,156 shares, the days-to-cover ratio is currently 0.0 days. Currently, 8.5% of the shares of the stock are sold short. Currently, 8.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,316,156 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Auddia

An institutional investor recently bought a new position in Auddia stock. Geode Capital Management LLC acquired a new position in Auddia Inc. (NASDAQ:AUUD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned 0.86% of Auddia at the end of the most recent reporting period.

Auddia Price Performance

AUUD stock traded up $0.03 during midday trading on Thursday, hitting $0.83. The stock had a trading volume of 161,029 shares, compared to its average volume of 2,834,645. The company’s 50-day moving average price is $0.91 and its 200 day moving average price is $1.33. The firm has a market cap of $3.20 million, a PE ratio of -0.04 and a beta of 1.01. Auddia has a 12-month low of $0.66 and a 12-month high of $7.29.

Wall Street Analysts Forecast Growth

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

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.