Auddia Inc. (NASDAQ:AUUD) Short Interest Update

Auddia Inc. (NASDAQ:AUUD) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 407,923 shares, a growth of 145.5% from the July 30th total of 166,144 shares. Approximately 7.1% of the shares of the stock are sold short. Based on an average trading volume of 13,909,776 shares, the days-to-cover ratio is currently 0.0 days.

Auddia Stock Performance

AUUD opened at $0.99 on Friday. The stock has a market capitalization of $5.74 million, a PE ratio of -0.05 and a beta of 0.50. Auddia has a one year low of $0.82 and a one year high of $19.64. The business’s 50 day moving average price is $1.17 and its 200 day moving average price is $2.99.

Auddia (NASDAQ:AUUD) last posted its earnings results on Friday, August 14th. The company reported ($0.71) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.85) by $3.14. The business had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.01 million.

Institutional Trading of Auddia

A hedge fund recently bought a new position in Auddia stock. Virtu Financial LLC acquired a new stake in Auddia Inc. (NASDAQ:AUUD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned 1.33% of Auddia at the end of the most recent quarter.

Analysts Set New Price Targets

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