PodcastOne, Inc. (NASDAQ:PODC – Get Free Report) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 51,100 shares, a decrease of 21.7% from the October 31st total of 65,300 shares. Based on an average trading volume of 33,100 shares, the short-interest ratio is currently 1.5 days. Approximately 0.9% of the shares of the company are short sold.
Insider Buying and Selling at PodcastOne
In other PodcastOne news, Director D Jonathan Merriman acquired 14,000 shares of PodcastOne stock in a transaction dated Friday, September 20th. The stock was bought at an average cost of $1.89 per share, with a total value of $26,460.00. Following the acquisition, the director now owns 179,339 shares of the company’s stock, valued at approximately $338,950.71. The trade was a 8.47 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought a total of 76,855 shares of company stock valued at $133,178 in the last quarter. Corporate insiders own 7.80% of the company’s stock.
PodcastOne Stock Down 4.0 %
NASDAQ:PODC traded down $0.09 during trading hours on Friday, reaching $2.17. The company had a trading volume of 37,674 shares, compared to its average volume of 64,189. The stock has a 50-day moving average of $1.55 and a two-hundred day moving average of $1.59. PodcastOne has a one year low of $1.10 and a one year high of $2.70. The firm has a market capitalization of $53.03 million, a PE ratio of -7.48 and a beta of -2.48.
About PodcastOne
PodcastOne, Inc operates as a podcast platform and publisher. The company offers its content to audiences through podcasting distribution platforms, including its website, Apple Podcasts, Spotify, Amazon Music, and others. It also produces vodcasts, branded podcasts, merchandise, and live events. In addition, the company builds, owns, and operates LaunchPadOne, a self-publishing podcast platform.
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