Auddia Inc. (NASDAQ:AUUD) Sees Large Decline in Short Interest

Auddia Inc. (NASDAQ:AUUD) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 31,200 shares, a decline of 91.7% from the March 15th total of 378,100 shares. Currently, 66.8% of the company’s stock are short sold. Based on an average trading volume of 118,400 shares, the short-interest ratio is presently 0.3 days.

Auddia Stock Performance

Shares of Auddia stock traded down $0.22 during trading hours on Wednesday, reaching $4.60. 22,775 shares of the company were exchanged, compared to its average volume of 79,701. The firm has a market cap of $2.34 million, a PE ratio of -0.06 and a beta of 0.79. The stock’s fifty day moving average is $5.37 and its 200 day moving average is $8.03. Auddia has a 1 year low of $3.35 and a 1 year high of $55.76.

Auddia (NASDAQ:AUUD) last posted its quarterly earnings results on Wednesday, March 5th. The company reported ($14.96) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Auddia stock. Virtu Financial LLC acquired a new position in shares of Auddia Inc. (NASDAQ:AUUD) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 89,463 shares of the company’s stock, valued at approximately $46,000. Virtu Financial LLC owned about 1.58% of Auddia at the end of the most recent quarter.

About Auddia

Auddia Inc, a technology company, develops AI Platform for the audio and podcast markets. The company's flagship product is faidr, which enables consumers to listen to various AM/FM radio station with commercial breaks replaced with personalized audio content, including popular and new music, news, and weather.