Auddia Inc. (NASDAQ:AUUD) Short Interest Update

Auddia Inc. (NASDAQ:AUUD) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 407,923 shares, an increase of 145.5% from the July 30th total of 166,144 shares. Based on an average daily volume of 13,909,776 shares, the short-interest ratio is presently 0.0 days. Currently, 7.1% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings raised Auddia from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Auddia has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Auddia stock. Virtu Financial LLC bought a new position in shares of Auddia Inc. (NASDAQ:AUUD) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned about 1.33% of Auddia as of its most recent SEC filing.

Auddia Trading Down 1.0%

NASDAQ:AUUD opened at $0.99 on Friday. Auddia has a 12 month low of $0.82 and a 12 month high of $19.64. The stock has a 50 day moving average of $1.17 and a two-hundred day moving average of $2.99. The firm has a market cap of $5.74 million, a P/E ratio of -0.05 and a beta of 0.50.

Auddia (NASDAQ:AUUD) last announced its earnings results on Friday, August 14th. The company reported ($0.71) EPS for the quarter, beating analysts’ consensus estimates of ($3.85) by $3.14. The firm had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.01 million.

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.