Short Interest in Auddia Inc. (NASDAQ:AUUD) Expands By 55.4%

Auddia Inc. (NASDAQ:AUUD) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 130,467 shares, an increase of 55.4% from the January 15th total of 83,974 shares. Currently, 4.5% of the company’s stock are sold short. Based on an average daily trading volume, of 305,955 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 305,955 shares, the short-interest ratio is currently 0.4 days. Currently, 4.5% of the company’s stock are sold short.

Auddia Stock Performance

Shares of AUUD stock opened at $0.67 on Friday. The firm has a market cap of $2.09 million, a price-to-earnings ratio of -0.03 and a beta of 1.01. Auddia has a 52 week low of $0.66 and a 52 week high of $14.60. The firm’s 50-day simple moving average is $0.97 and its two-hundred day simple moving average is $1.63.

Institutional Trading of Auddia

A hedge fund recently bought a new stake in Auddia stock. Virtu Financial LLC purchased a new stake in shares of Auddia Inc. (NASDAQ:AUUD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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 reporting period.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Auddia in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.