Auddia Inc. (NASDAQ:AUUD) Short Interest Down 68.8% in May

Auddia Inc. (NASDAQ:AUUD) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 135,351 shares, a drop of 68.8% from the April 30th total of 433,654 shares. Based on an average trading volume of 12,791,887 shares, the short-interest ratio is currently 0.0 days. Approximately 2.6% of the shares of the stock are sold short.

Institutional Trading of Auddia

A hedge fund recently bought a new stake in Auddia stock. Geode Capital Management LLC bought a new position in Auddia Inc. (NASDAQ:AUUD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned 0.86% of Auddia as of its most recent filing with the Securities and Exchange Commission.

Auddia Price Performance

Shares of Auddia stock opened at $1.41 on Monday. Auddia has a 1 year low of $1.16 and a 1 year high of $56.13. The company has a market capitalization of $7.56 million, a P/E ratio of -0.04 and a beta of 0.62. The business has a 50 day moving average price of $3.32 and a 200 day moving average price of $5.98.

Auddia (NASDAQ:AUUD) last issued its quarterly earnings data on Friday, May 15th. The company reported ($5.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($5.00) by ($0.09).

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Auddia from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.