Short Interest in Auddia Inc. (NASDAQ:AUUD) Decreases By 91.7%

Auddia Inc. (NASDAQ:AUUD) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 31,200 shares, a drop of 91.7% from the March 15th total of 378,100 shares. Based on an average daily volume of 118,400 shares, the short-interest ratio is presently 0.3 days. Currently, 66.8% of the shares of the company are short sold.

Auddia Stock Up 6.9 %

NASDAQ AUUD opened at $4.65 on Tuesday. The company has a market capitalization of $2.37 million, a P/E ratio of -0.06 and a beta of 0.79. The firm has a 50-day moving average price of $5.43 and a two-hundred day moving average price of $8.06. Auddia has a 12-month low of $3.35 and a 12-month high of $55.76.

Auddia (NASDAQ:AUUD) last released its earnings results on Wednesday, March 5th. The company reported ($14.96) earnings per share for the quarter.

Hedge Funds Weigh In On Auddia

A hedge fund recently bought a new stake in Auddia stock. Virtu Financial LLC acquired a new position in shares of Auddia Inc. (NASDAQ:AUUD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 89,463 shares of the company’s stock, valued at approximately $46,000. Virtu Financial LLC owned approximately 1.58% of Auddia at the end of the most recent reporting period.

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.