Auddia Inc. (NASDAQ:AUUD) Sees Significant Increase in Short Interest

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Auddia from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Auddia currently has an average rating of “Sell”.

Auddia Stock Performance

Shares of NASDAQ AUUD traded up $0.07 during trading hours on Tuesday, hitting $1.30. 1,076,755 shares of the stock were exchanged, compared to its average volume of 1,334,688. The company’s fifty day simple moving average is $4.64 and its two-hundred day simple moving average is $6.82. The company has a market cap of $648,795.00, a PE ratio of -0.01 and a beta of 0.66. Auddia has a 1-year low of $1.16 and a 1-year high of $56.13.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Auddia stock. Virtu Financial LLC bought a new position in Auddia Inc. (NASDAQ:AUUD) in the third quarter, according to the company in its most recent Form 13F filing 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.

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.