Auddia Inc. (NASDAQ:AUUD) Short Interest Update

Auddia Inc. (NASDAQ:AUUD) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 237,511 shares, a decline of 43.8% from the June 15th total of 422,737 shares. Based on an average trading volume of 323,943 shares, the short-interest ratio is currently 0.7 days. Currently, 4.2% of the company’s shares are sold short.

Auddia Stock Down 0.4%

Auddia stock opened at $1.36 on Thursday. The stock has a market capitalization of $7.92 million, a PE ratio of -0.03 and a beta of 0.46. Auddia has a twelve month low of $1.16 and a twelve month high of $48.36. The company has a 50 day moving average of $1.40 and a 200-day moving average of $4.39.

Auddia (NASDAQ:AUUD) last issued its quarterly earnings data 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

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Auddia from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently 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.