Audinate Group Limited (OTCMKTS:AUDGF) Sees Large Growth in Short Interest

Audinate Group Limited (OTCMKTS:AUDGF) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 66,455 shares, a growth of 150.3% from the July 30th total of 26,545 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ? days.

Audinate Group Price Performance

Shares of Audinate Group stock remained flat at $1.65 during trading hours on Friday. Audinate Group has a 1-year low of $1.30 and a 1-year high of $4.47. The firm has a 50-day moving average price of $1.44 and a two-hundred day moving average price of $1.79.

Audinate Group Company Profile

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.