Auddia Inc. (NASDAQ:AUUD) Short Interest Update

Auddia Inc. (NASDAQ:AUUD) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 237,511 shares, a decrease of 43.8% from the June 15th total of 422,737 shares. Based on an average trading volume of 323,943 shares, the days-to-cover ratio is presently 0.7 days. Currently, 4.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Auddia stock. Geode Capital Management LLC bought a new position in Auddia Inc. (NASDAQ:AUUD) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Auddia from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Auddia Stock Down 7.4%

AUUD stock opened at $1.25 on Friday. Auddia has a twelve month low of $1.16 and a twelve month high of $48.36. The company has a market cap of $7.25 million, a PE ratio of -0.03 and a beta of 0.46. The business’s 50-day simple moving average is $1.39 and its 200 day simple moving average is $4.32.

Auddia (NASDAQ:AUUD) last posted its quarterly earnings results on Friday, May 15th. The company reported ($5.09) EPS for the quarter, missing the consensus estimate of ($5.00) by ($0.09).

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.