Short Interest in Audinate Group Limited (OTCMKTS:AUDGF) Decreases By 95.5%

Audinate Group Limited (OTCMKTS:AUDGF) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 26,841 shares, a drop of 95.5% from the June 30th total of 602,911 shares. Based on an average daily volume of 41 shares, the days-to-cover ratio is presently 654.7 days.

Audinate Group Stock Performance

Shares of OTCMKTS:AUDGF remained flat at $1.30 during trading on Friday. Audinate Group has a one year low of $1.30 and a one year high of $4.82. The firm has a fifty day simple moving average of $1.59 and a 200 day simple moving average of $1.96.

About Audinate Group

Audinate Group is a technology company specializing in the development of digital media networking solutions for professional audio, video and control applications. Its flagship technology, Dante (Digital Audio Network Through Ethernet), enables the transmission of high-quality, multi-channel audio over standard Ethernet networks with near-zero latency and sample-accurate synchronization. Audinate offers a suite of software and hardware products, including Dante Controller, Dante Virtual Soundcard and Dante Domain Manager, designed to simplify the configuration, deployment and management of networked audio systems.

The company licenses its Dante technology to original equipment manufacturers in markets such as broadcast, live sound, recording studios, conferencing, education and fixed installations.