Audinate Group Limited (OTCMKTS:AUDGF – Get Free Report) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 26,841 shares, a drop of 95.5% from the June 30th total of 602,911 shares. Based on an average daily volume of 41 shares, the days-to-cover ratio is currently 654.7 days.
Audinate Group Stock Performance
Shares of Audinate Group stock opened at $1.30 on Friday. The stock’s 50 day simple moving average is $1.58 and its 200-day simple moving average is $1.96. Audinate Group has a 1-year low of $1.30 and a 1-year high of $4.82.
About Audinate Group
Audinate Group is a technology company specializing in the development of digital media networking solutions for professional audio, video and control applications. Its flagship technology, Dante (Digital Audio Network Through Ethernet), enables the transmission of high-quality, multi-channel audio over standard Ethernet networks with near-zero latency and sample-accurate synchronization. Audinate offers a suite of software and hardware products, including Dante Controller, Dante Virtual Soundcard and Dante Domain Manager, designed to simplify the configuration, deployment and management of networked audio systems.
The company licenses its Dante technology to original equipment manufacturers in markets such as broadcast, live sound, recording studios, conferencing, education and fixed installations.
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