Auddia Inc. (NASDAQ:AUUD) Sees Significant Growth in Short Interest

Auddia Inc. (NASDAQ:AUUDGet Free Report) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 407,923 shares, a growth of 145.5% from the July 30th total of 166,144 shares. Currently, 7.1% of the shares of the stock are short sold. Based on an average daily volume of 13,909,776 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Auddia

A hedge fund recently bought a new position in Auddia stock. Virtu Financial LLC bought a new position in Auddia Inc. (NASDAQ:AUUDFree Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 & Exchange Commission.

Auddia Trading Down 3.4%

Shares of NASDAQ AUUD opened at $0.97 on Friday. The business has a 50-day moving average of $1.16 and a 200-day moving average of $2.98. The firm has a market capitalization of $5.60 million, a price-to-earnings ratio of -0.05 and a beta of 0.50. Auddia has a 12 month low of $0.82 and a 12 month high of $19.64.

Auddia (NASDAQ:AUUDGet Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.71) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.85) by $3.14. The company had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $0.01 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Auddia from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Get Our Latest Research Report on AUUD

About Auddia

(Get Free Report)

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.

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