PodcastOne, Inc. (NASDAQ:PODC) Short Interest Update

PodcastOne, Inc. (NASDAQ:PODC) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 112,152 shares, an increase of 106.4% from the January 15th total of 54,330 shares. Based on an average daily trading volume, of 143,751 shares, the days-to-cover ratio is currently 0.8 days. Currently, 2.0% of the shares of the company are short sold. Currently, 2.0% of the shares of the company are short sold. Based on an average daily trading volume, of 143,751 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analyst Weigh In

PODC has been the topic of a number of research reports. Zacks Research upgraded shares of PodcastOne from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PodcastOne in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

PodcastOne Trading Down 10.7%

Shares of PODC stock opened at $2.68 on Friday. PodcastOne has a twelve month low of $1.28 and a twelve month high of $3.35. The business’s 50 day moving average is $2.48 and its two-hundred day moving average is $2.08. The company has a market capitalization of $72.12 million, a P/E ratio of -13.40 and a beta of -0.11.

PodcastOne (NASDAQ:PODC) last announced its quarterly earnings data on Wednesday, February 11th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $15.86 million for the quarter, compared to analyst estimates of $15.03 million. PodcastOne had a negative return on equity of 34.68% and a negative net margin of 9.07%. As a group, equities analysts predict that PodcastOne will post -0.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PodcastOne

A number of large investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. acquired a new stake in shares of PodcastOne in the second quarter valued at about $316,000. Citadel Advisors LLC increased its holdings in PodcastOne by 267.5% in the third quarter. Citadel Advisors LLC now owns 41,958 shares of the company’s stock valued at $70,000 after buying an additional 30,541 shares in the last quarter. Creative Planning purchased a new position in PodcastOne in the second quarter valued at about $49,000. Finally, Thompson Davis & CO. Inc. acquired a new stake in shares of PodcastOne during the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 2.87% of the company’s stock.

About PodcastOne

PodcastOne is a leading digital audio network specializing in the development, production and distribution of original podcast programming. The company offers a diverse slate of exclusive shows spanning genres such as entertainment, sports, business, politics and lifestyle. Its content lineup features long-form interviews, narrative series and personality-driven talk formats designed to engage listeners across North America and beyond.

The company’s revenue model centers on advertising and branded content solutions.