Short Interest in Auddia Inc. (NASDAQ:AUUD) Decreases By 68.8%

Auddia Inc. (NASDAQ:AUUD) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 135,351 shares, a decrease of 68.8% from the April 30th total of 433,654 shares. Approximately 2.6% of the company’s shares are sold short. Based on an average trading volume of 12,791,887 shares, the short-interest ratio is presently 0.0 days.

Auddia Stock Up 2.9%

Shares of NASDAQ:AUUD traded up $0.04 during midday trading on Friday, hitting $1.41. 461,647 shares of the stock traded hands, compared to its average volume of 9,472,948. The stock has a market capitalization of $7.56 million, a PE ratio of -0.04 and a beta of 0.66. The business’s 50 day moving average is $3.32 and its two-hundred day moving average is $6.01. Auddia has a one year low of $1.16 and a one year high of $56.13.

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

Institutional Trading of Auddia

A hedge fund recently bought a new stake in Auddia stock. Geode Capital Management LLC acquired a new stake in shares of Auddia Inc. (NASDAQ:AUUD) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned approximately 0.86% of Auddia as of its most recent filing with the SEC.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Auddia from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

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.