Auddia Inc. (NASDAQ:AUUD) Short Interest Up 242.1% in May

Auddia Inc. (NASDAQ:AUUD) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 463,073 shares, an increase of 242.1% from the May 14th total of 135,351 shares. Approximately 8.8% of the company’s shares are sold short. Based on an average trading volume of 5,008,597 shares, the days-to-cover ratio is presently 0.1 days.

Auddia Price Performance

NASDAQ AUUD traded down $0.04 during trading on Friday, hitting $1.33. The company’s stock had a trading volume of 342,784 shares, compared to its average volume of 2,936,412. The company has a market cap of $7.13 million, a PE ratio of -0.03 and a beta of 0.62. The business’s 50 day simple moving average is $2.52 and its 200-day simple moving average is $5.53. Auddia has a fifty-two week low of $1.16 and a fifty-two week high of $56.13.

Auddia (NASDAQ:AUUD) last released its earnings results on Friday, May 15th. The company reported ($5.09) EPS for the quarter, missing analysts’ consensus estimates of ($5.00) by ($0.09).

Institutional Trading of Auddia

An institutional investor recently bought a new position in Auddia stock. Virtu Financial LLC purchased a new stake in shares of Auddia Inc. (NASDAQ:AUUD) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned about 1.33% of Auddia as of its most recent filing with the SEC.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Auddia from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, June 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

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.