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

Auddia Inc. (NASDAQ:AUUD) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 587,200 shares, a growth of 117.1% from the February 13th total of 270,500 shares. Approximately 74.0% of the shares of the company are short sold. Based on an average trading volume of 2,010,000 shares, the days-to-cover ratio is presently 0.3 days.

Auddia Trading Up 2.7 %

AUUD stock opened at $0.30 on Friday. The firm has a market capitalization of $2.57 million, a PE ratio of -0.07 and a beta of 0.70. Auddia has a 1-year low of $0.24 and a 1-year high of $5.70. The business’s 50 day simple moving average is $0.42 and its 200 day simple moving average is $0.56.

Auddia (NASDAQ:AUUD) last posted its earnings results on Wednesday, March 5th. The company reported ($0.88) earnings per share for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Auddia stock. Virtu Financial LLC bought a new position in shares of Auddia Inc. (NASDAQ:AUUD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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.