Auddia Inc. (NASDAQ:AUUD) Short Interest Update

Auddia Inc. (NASDAQ:AUUD) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 248,997 shares, an increase of 95.7% from the February 12th total of 127,243 shares. Based on an average daily trading volume, of 13,316,156 shares, the short-interest ratio is presently 0.0 days. Currently, 8.5% of the company’s shares are sold short. Currently, 8.5% of the company’s shares are sold short. Based on an average daily trading volume, of 13,316,156 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Auddia

A hedge fund recently bought a new stake in Auddia stock. Geode Capital Management LLC purchased a new stake in Auddia Inc. (NASDAQ:AUUD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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 Securities and Exchange Commission (SEC).

Wall Street Analysts Forecast Growth

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

Auddia Stock Up 2.3%

Shares of AUUD traded up $0.02 during trading hours on Friday, reaching $0.88. The stock had a trading volume of 111,849 shares, compared to its average volume of 2,781,871. The company has a market cap of $3.42 million, a P/E ratio of -0.04 and a beta of 1.01. Auddia has a 52 week low of $0.66 and a 52 week high of $7.29. The firm has a 50-day moving average of $0.90 and a 200 day moving average of $1.33.

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.