Auddia Inc. (NASDAQ:AUUD) Short Interest Update

Auddia Inc. (NASDAQ:AUUD) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 164,396 shares, a decrease of 34.0% from the February 26th total of 248,997 shares. Currently, 4.5% of the company’s shares are sold short. Based on an average daily trading volume, of 209,751 shares, the short-interest ratio is presently 0.8 days.

Auddia Price Performance

AUUD stock opened at $0.77 on Friday. The company’s 50-day moving average is $0.87 and its 200-day moving average is $1.22. The stock has a market capitalization of $2.96 million, a PE ratio of -0.03 and a beta of 1.01. Auddia has a 1 year low of $0.66 and a 1 year high of $7.29.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Auddia stock. Geode Capital Management LLC acquired a new stake in Auddia Inc. (NASDAQ:AUUD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned 0.86% of Auddia as of its most recent filing with the Securities & Exchange Commission.

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.