Auddia Inc. (NASDAQ:AUUD) Sees Large Growth in Short Interest

Auddia Inc. (NASDAQ:AUUD) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 66,708 shares, an increase of 62.7% from the November 30th total of 40,999 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily trading volume, of 85,480 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 85,480 shares, the days-to-cover ratio is currently 0.8 days. Currently, 2.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Auddia

A hedge fund recently bought a new stake in Auddia stock. Virtu Financial LLC purchased a new position in Auddia Inc. (NASDAQ:AUUD) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned 1.33% of Auddia at the end of the most recent quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Auddia in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Auddia Price Performance

Shares of Auddia stock opened at $0.96 on Tuesday. Auddia has a 1-year low of $0.84 and a 1-year high of $14.60. The business’s fifty day moving average price is $1.14 and its two-hundred day moving average price is $2.46. The company has a market capitalization of $2.99 million, a P/E ratio of -0.04 and a beta of 1.02.

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.