Short Interest in Auddia Inc. (NASDAQ:AUUD) Declines By 35.6%

Auddia Inc. (NASDAQ:AUUD) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 378,100 shares, a decline of 35.6% from the February 28th total of 587,200 shares. Based on an average daily volume of 2,060,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 47.6% of the company’s shares are sold short.

Institutional Trading of Auddia

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 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 89,463 shares of the company’s stock, valued at approximately $46,000. Virtu Financial LLC owned 1.58% of Auddia as of its most recent SEC filing.

Auddia Stock Down 10.7 %

NASDAQ:AUUD opened at $0.22 on Friday. Auddia has a 52 week low of $0.21 and a 52 week high of $5.70. The stock’s fifty day moving average is $0.38 and its two-hundred day moving average is $0.52. The stock has a market capitalization of $1.87 million, a price-to-earnings ratio of -0.05 and a beta of 0.70.

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

Auddia Company Profile

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.