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

Auddia Inc. (NASDAQ:AUUD) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 433,654 shares, an increase of 594.5% from the April 15th total of 62,437 shares. Currently, 88.0% of the company’s shares are short sold. Based on an average daily volume of 8,394,758 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Auddia from a “sell (e+)” rating to a “sell (e)” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Auddia currently has a consensus rating of “Sell”.

Auddia Price Performance

Shares of Auddia stock traded down $0.05 during midday trading on Thursday, reaching $1.30. The company had a trading volume of 61,102 shares, compared to its average volume of 1,310,199. The stock has a fifty day moving average price of $4.44 and a 200 day moving average price of $6.68. The firm has a market cap of $647,500.00, a PE ratio of -0.01 and a beta of 0.66. Auddia has a fifty-two week low of $1.16 and a fifty-two week high of $56.13.

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 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned 1.33% of Auddia as of its most recent SEC filing.

About Auddia

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.