Audioeye Inc (NASDAQ:AEYE) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 90,900 shares, an increase of 8.2% from the April 30th total of 84,000 shares. Based on an average daily trading volume, of 37,100 shares, the short-interest ratio is presently 2.5 days. Approximately 3.4% of the company’s shares are sold short.

Several institutional investors and hedge funds have recently modified their holdings of AEYE. Millennium Management LLC acquired a new position in shares of Audioeye in the 4th quarter valued at about $476,000. HighPoint Advisor Group LLC acquired a new position in shares of Audioeye in the 1st quarter valued at about $151,000. Finally, Deutsche Bank AG acquired a new position in shares of Audioeye in the 4th quarter valued at about $59,000. Institutional investors own 5.59% of the company’s stock.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Audioeye from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Tuesday, April 2nd. B. Riley set a $13.00 target price on Audioeye and gave the company a “buy” rating in a report on Friday, May 31st. Finally, National Securities reiterated a “buy” rating and issued a $12.50 target price on shares of Audioeye in a report on Wednesday, May 15th.

Shares of AEYE opened at $7.69 on Friday. The stock has a market capitalization of $57.32 million, a PE ratio of -10.99 and a beta of 1.03. Audioeye has a fifty-two week low of $4.76 and a fifty-two week high of $12.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.50 and a current ratio of 1.50.

Audioeye (NASDAQ:AEYE) last issued its earnings results on Tuesday, May 14th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.10). The business had revenue of $1.99 million during the quarter, compared to analyst estimates of $2.02 million. Audioeye had a negative net margin of 92.33% and a negative return on equity of 121.68%. On average, sell-side analysts expect that Audioeye will post -0.64 EPS for the current fiscal year.

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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