PodcastOne, Inc. (NASDAQ:PODC) Short Interest Update

PodcastOne, Inc. (NASDAQ:PODC) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 112,152 shares, a growth of 106.4% from the January 15th total of 54,330 shares. Based on an average daily volume of 143,751 shares, the short-interest ratio is currently 0.8 days. Approximately 2.0% of the shares of the stock are sold short. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily volume of 143,751 shares, the short-interest ratio is currently 0.8 days.

Analysts Set New Price Targets

Several analysts have weighed in on PODC shares. Weiss Ratings reissued a “sell (d-)” rating on shares of PodcastOne in a report on Monday, December 29th. Zacks Research upgraded shares of PodcastOne from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

PodcastOne Stock Performance

PodcastOne stock opened at $2.68 on Friday. PodcastOne has a fifty-two week low of $1.28 and a fifty-two week high of $3.35. The company has a market capitalization of $72.12 million, a price-to-earnings ratio of -13.40 and a beta of -0.11. The stock has a fifty day moving average of $2.48 and a two-hundred day moving average of $2.08.

PodcastOne (NASDAQ:PODC) last posted its quarterly earnings data on Wednesday, February 11th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $15.86 million for the quarter, compared to analyst estimates of $15.03 million. PodcastOne had a negative return on equity of 34.68% and a negative net margin of 9.07%. On average, analysts forecast that PodcastOne will post -0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On PodcastOne

A number of institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. purchased a new position in shares of PodcastOne during the second quarter valued at approximately $316,000. Citadel Advisors LLC grew its stake in PodcastOne by 267.5% in the 3rd quarter. Citadel Advisors LLC now owns 41,958 shares of the company’s stock worth $70,000 after acquiring an additional 30,541 shares during the period. Creative Planning acquired a new position in PodcastOne in the 2nd quarter valued at $49,000. Finally, Thompson Davis & CO. Inc. purchased a new position in shares of PodcastOne during the 2nd quarter worth $38,000. Institutional investors and hedge funds own 2.87% of the company’s stock.

About PodcastOne

PodcastOne is a leading digital audio network specializing in the development, production and distribution of original podcast programming. The company offers a diverse slate of exclusive shows spanning genres such as entertainment, sports, business, politics and lifestyle. Its content lineup features long-form interviews, narrative series and personality-driven talk formats designed to engage listeners across North America and beyond.

The company’s revenue model centers on advertising and branded content solutions.