Short Interest in Auddia Inc. (NASDAQ:AUUD) Decreases By 68.8%

Auddia Inc. (NASDAQ:AUUD) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 135,351 shares, a decline of 68.8% from the April 30th total of 433,654 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average trading volume of 12,791,887 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Auddia from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Auddia

An institutional investor recently bought a new position in Auddia stock. Virtu Financial LLC bought a new stake in shares of Auddia Inc. (NASDAQ:AUUD) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned approximately 1.33% of Auddia as of its most recent filing with the Securities and Exchange Commission (SEC).

Auddia Trading Up 2.9%

Auddia stock traded up $0.04 during trading hours on Friday, hitting $1.41. 461,647 shares of the stock traded hands, compared to its average volume of 9,472,948. The firm’s 50-day moving average price is $3.32 and its two-hundred day moving average price is $6.01. The company has a market cap of $7.56 million, a PE ratio of -0.04 and a beta of 0.66. Auddia has a one year low of $1.16 and a one year high of $56.13.

Auddia (NASDAQ:AUUD) last posted its quarterly earnings data on Friday, May 15th. The company reported ($5.09) earnings per share for the quarter, missing the consensus estimate of ($5.00) by ($0.09).

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.