Short Interest in Auddia Inc. (NASDAQ:AUUD) Increases By 62.7%

Auddia Inc. (NASDAQ:AUUD) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 66,708 shares, a growth of 62.7% from the November 30th total of 40,999 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average trading volume of 85,480 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 85,480 shares, the short-interest ratio is presently 0.8 days. Currently, 2.3% of the shares of the company are short sold.

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) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned about 1.33% of Auddia at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Auddia in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Auddia Stock Performance

Shares of NASDAQ AUUD traded down $0.03 during mid-day trading on Friday, reaching $1.01. The company had a trading volume of 53,307 shares, compared to its average volume of 113,871. The firm has a market cap of $3.13 million, a price-to-earnings ratio of -0.04 and a beta of 1.01. Auddia has a one year low of $0.84 and a one year high of $14.60. The business’s 50-day simple moving average is $1.15 and its 200 day simple moving average is $2.51.

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.