Short Interest in PodcastOne, Inc. (NASDAQ:PODC) Rises By 22.2%

PodcastOne, Inc. (NASDAQ:PODC) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 76,000 shares, a growth of 22.2% from the November 30th total of 62,200 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily volume of 46,600 shares, the days-to-cover ratio is presently 1.6 days.

PodcastOne Trading Down 2.7 %

NASDAQ PODC traded down $0.06 during trading on Tuesday, reaching $2.16. The company’s stock had a trading volume of 27,140 shares, compared to its average volume of 42,273. The business has a 50-day moving average price of $1.91 and a 200-day moving average price of $1.65. PodcastOne has a 1-year low of $1.10 and a 1-year high of $2.70. The stock has a market capitalization of $52.93 million, a PE ratio of -7.45 and a beta of -1.05.

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.