Audioeye Inc (NASDAQ:AEYE) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 108,000 shares, an increase of 7.5% from the July 15th total of 100,500 shares. Based on an average daily volume of 26,500 shares, the short-interest ratio is currently 4.1 days. Approximately 4.1% of the company’s stock are sold short.

Shares of Audioeye stock traded down $0.02 during trading on Thursday, hitting $3.88. 1,554 shares of the company’s stock traded hands, compared to its average volume of 46,504. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.97 and a quick ratio of 0.97. Audioeye has a 1 year low of $3.57 and a 1 year high of $12.40. The stock has a market capitalization of $37.40 million, a P/E ratio of -5.54 and a beta of 1.19. The business has a 50-day simple moving average of $5.94 and a 200-day simple moving average of $8.25.

Audioeye (NASDAQ:AEYE) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.08). Audioeye had a negative return on equity of 138.10% and a negative net margin of 89.94%. The company had revenue of $2.44 million during the quarter, compared to the consensus estimate of $2.34 million. On average, equities analysts predict that Audioeye will post -1.02 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the company. TheStreet cut Audioeye from a “c-” rating to a “d+” rating in a research note on Tuesday, August 20th. B. Riley set a $13.00 price target on Audioeye and gave the stock a “buy” rating in a research note on Friday, May 31st. National Securities reaffirmed a “buy” rating and issued a $12.50 price target on shares of Audioeye in a research note on Wednesday, May 15th. Finally, Zacks Investment Research cut Audioeye from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can bought a new position in shares of Audioeye in the second quarter worth about $55,000. Deutsche Bank AG bought a new position in shares of Audioeye in the fourth quarter worth about $59,000. BlackRock Inc. bought a new position in shares of Audioeye in the second quarter worth about $95,000. HighPoint Advisor Group LLC purchased a new stake in shares of Audioeye during the first quarter worth about $151,000. Finally, Buckingham Asset Management LLC purchased a new stake in shares of Audioeye during the second quarter worth about $308,000. 6.36% of the stock is currently owned by hedge funds and other institutional investors.

Audioeye Company Profile

AudioEye, Inc provides Web accessibility solutions to Internet, print, broadcast, and other media to people regardless of their network connection, device, location, or disabilities in the United States. The company develops patented Internet content publication and distribution software that enables conversion of media into accessible formats, as well as allows for real time distribution on various Internet connected devices.

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