Short Interest in Auddia Inc. (NASDAQ:AUUD) Grows By 145.5%

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Auddia from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Auddia Stock Performance

NASDAQ AUUD traded down $0.03 during trading hours on Friday, hitting $0.97. 101,359 shares of the company’s stock were exchanged, compared to its average volume of 8,064,443. The firm has a market capitalization of $5.60 million, a P/E ratio of -0.05 and a beta of 0.50. The business’s 50 day moving average is $1.16 and its 200-day moving average is $2.98. Auddia has a 12-month low of $0.82 and a 12-month high of $19.64.

Auddia (NASDAQ:AUUD) last released its earnings results on Friday, August 14th. The company reported ($0.71) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.85) by $3.14. The company had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $0.01 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Auddia stock. Geode Capital Management LLC purchased a new position in Auddia Inc. (NASDAQ:AUUD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned about 0.86% of Auddia at the end of the most recent quarter.

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.