Auddia Inc. (NASDAQ:AUUD) Short Interest Up 36.5% in December

Auddia Inc. (NASDAQ:AUUD) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 91,048 shares, a growth of 36.5% from the December 15th total of 66,708 shares. Approximately 3.1% of the shares of the stock are sold short. Based on an average trading volume of 136,628 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 136,628 shares, the days-to-cover ratio is presently 0.7 days. Approximately 3.1% of the shares of the stock are sold short.

Auddia Trading Down 7.4%

Shares of NASDAQ:AUUD opened at $0.94 on Friday. The company has a market capitalization of $2.90 million, a price-to-earnings ratio of -0.04 and a beta of 1.00. Auddia has a 12 month low of $0.82 and a 12 month high of $14.60. The firm’s 50-day moving average is $1.04 and its 200 day moving average is $2.12.

Institutional Investors Weigh In On Auddia

An institutional investor recently bought a new position in Auddia stock. Virtu Financial LLC acquired a new position in Auddia Inc. (NASDAQ:AUUD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned approximately 1.33% of Auddia as of its most recent SEC filing.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Auddia in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average 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.