Auddia Inc. (NASDAQ:AUUD) Short Interest Up 95.7% in February

Auddia Inc. (NASDAQ:AUUD) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 248,997 shares, an increase of 95.7% from the February 12th total of 127,243 shares. Currently, 8.5% of the company’s shares are short sold. Based on an average trading volume of 13,316,156 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 13,316,156 shares, the days-to-cover ratio is currently 0.0 days. Currently, 8.5% of the company’s shares are short sold.

Auddia Price Performance

AUUD traded up $0.03 on Friday, hitting $0.89. The company had a trading volume of 191,580 shares, compared to its average volume of 6,281,198. The stock has a fifty day simple moving average of $0.90 and a 200-day simple moving average of $1.32. The firm has a market capitalization of $3.44 million, a P/E ratio of -0.04 and a beta of 1.01. Auddia has a 52-week low of $0.66 and a 52-week high of $7.29.

Institutional Investors Weigh In On Auddia

An institutional investor recently bought a new position in Auddia stock. Geode Capital Management LLC acquired a new position in Auddia Inc. (NASDAQ:AUUD) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned approximately 0.86% of Auddia at the end of the most recent quarter.

Analyst Upgrades and Downgrades

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