Auddia Inc. (NASDAQ:AUUD) Short Interest Update

Auddia Inc. (NASDAQ:AUUDGet Free Report) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 164,396 shares, a decline of 34.0% from the February 26th total of 248,997 shares. Based on an average daily trading volume, of 209,751 shares, the days-to-cover ratio is currently 0.8 days. Currently, 4.5% of the shares of the company are sold short.

Auddia Price Performance

Shares of AUUD stock opened at $0.77 on Monday. Auddia has a 12 month low of $0.66 and a 12 month high of $7.29. The stock has a 50 day moving average of $0.87 and a 200-day moving average of $1.21. The firm has a market cap of $2.96 million, a PE ratio of -0.03 and a beta of 1.01.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Auddia stock. Geode Capital Management LLC purchased a new stake in Auddia Inc. (NASDAQ:AUUDFree Report) during the fourth quarter, according to 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 approximately 0.86% of Auddia as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on AUUD

Auddia Company Profile

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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.

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