Short Interest in Audioeye, Inc. (NASDAQ:AEYE) Increases By 20.6%

Audioeye, Inc. (NASDAQ:AEYE) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 734,048 shares, a growth of 20.6% from the January 15th total of 608,573 shares. Based on an average daily trading volume, of 131,501 shares, the days-to-cover ratio is currently 5.6 days. Currently, 10.0% of the company’s shares are sold short. Currently, 10.0% of the company’s shares are sold short. Based on an average daily trading volume, of 131,501 shares, the days-to-cover ratio is currently 5.6 days.

Hedge Funds Weigh In On Audioeye

Institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Audioeye by 19.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the company’s stock worth $54,000 after acquiring an additional 806 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Audioeye by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 108,392 shares of the company’s stock valued at $1,203,000 after purchasing an additional 18,513 shares in the last quarter. Rhumbline Advisers increased its position in Audioeye by 14.5% in the 1st quarter. Rhumbline Advisers now owns 10,360 shares of the company’s stock worth $115,000 after purchasing an additional 1,313 shares during the last quarter. Los Angeles Capital Management LLC increased its position in Audioeye by 101.7% in the 2nd quarter. Los Angeles Capital Management LLC now owns 59,133 shares of the company’s stock worth $689,000 after purchasing an additional 29,815 shares during the last quarter. Finally, Kennedy Capital Management LLC raised its stake in shares of Audioeye by 12.9% during the 2nd quarter. Kennedy Capital Management LLC now owns 195,609 shares of the company’s stock worth $2,279,000 after purchasing an additional 22,370 shares in the last quarter. 51.11% of the stock is currently owned by hedge funds and other institutional investors.

Audioeye Stock Performance

AEYE stock opened at $6.96 on Tuesday. The firm has a 50 day simple moving average of $9.75 and a 200 day simple moving average of $11.82. Audioeye has a 52 week low of $6.42 and a 52 week high of $17.96. The stock has a market cap of $86.44 million, a P/E ratio of -24.86 and a beta of 0.62. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.00 and a current ratio of 1.00.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AEYE shares. HC Wainwright set a $18.00 target price on shares of Audioeye and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Needham & Company LLC reiterated a “buy” rating on shares of Audioeye in a research report on Wednesday, November 5th. Finally, Roth Mkm reissued a “buy” rating on shares of Audioeye in a research note on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.67.

Audioeye Company Profile

AudioEye, Inc is a provider of digital accessibility solutions, offering software and services designed to help organizations ensure their online properties comply with Web Content Accessibility Guidelines (WCAG), the Americans with Disabilities Act (ADA) and other global accessibility standards. Through its cloud-based platform, the company automates the detection and remediation of accessibility barriers in websites, mobile applications and multimedia content.

The company’s flagship AEYE Platform leverages machine learning, artificial intelligence and human validation to continuously scan digital assets, identify potential compliance issues and deploy corrective overlays or code adjustments.