Short Interest in Auddia Inc. (NASDAQ:AUUD) Expands By 594.5%

Auddia Inc. (NASDAQ:AUUD) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 433,654 shares, an increase of 594.5% from the April 15th total of 62,437 shares. Approximately 88.0% of the shares of the company are short sold. Based on an average trading volume of 8,394,758 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Auddia from a “sell (e+)” rating to a “sell (e)” rating in a research note on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Auddia Price Performance

AUUD stock traded up $0.07 during midday trading on Tuesday, reaching $1.30. 1,076,755 shares of the company were exchanged, compared to its average volume of 1,334,688. Auddia has a one year low of $1.16 and a one year high of $56.13. The firm has a market capitalization of $648,795.00, a price-to-earnings ratio of -0.01 and a beta of 0.66. The business has a 50-day moving average price of $4.64 and a two-hundred day moving average price of $6.82.

Institutional Inflows and Outflows

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 the company in its most recent disclosure 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 quarter.

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.