Audinate Group Limited (OTCMKTS:AUDGF) Sees Large Drop in Short Interest

Audinate Group Limited (OTCMKTS:AUDGF) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 43,979 shares, a decrease of 33.8% from the August 15th total of 66,455 shares. Based on an average trading volume of 6,104 shares, the days-to-cover ratio is presently 7.2 days.

Audinate Group Stock Performance

OTCMKTS:AUDGF opened at $1.45 on Friday. Audinate Group has a 12 month low of $1.30 and a 12 month high of $4.47. The company’s 50-day moving average price is $1.48 and its two-hundred day moving average price is $1.70.

Audinate Group Company Profile

Audinate Group is a technology company specializing in the development of digital media networking solutions for professional audio, video and control applications. Its flagship technology, Dante (Digital Audio Network Through Ethernet), enables the transmission of high-quality, multi-channel audio over standard Ethernet networks with near-zero latency and sample-accurate synchronization. Audinate offers a suite of software and hardware products, including Dante Controller, Dante Virtual Soundcard and Dante Domain Manager, designed to simplify the configuration, deployment and management of networked audio systems.

The company licenses its Dante technology to original equipment manufacturers in markets such as broadcast, live sound, recording studios, conferencing, education and fixed installations.