Auddia Inc. (NASDAQ:AUUD) Short Interest Up 55.4% in January

Auddia Inc. (NASDAQ:AUUD) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 130,467 shares, a growth of 55.4% from the January 15th total of 83,974 shares. Based on an average trading volume of 305,955 shares, the short-interest ratio is presently 0.4 days. Approximately 4.5% of the shares of the company are short sold. Approximately 4.5% of the shares of the company are short sold. Based on an average trading volume of 305,955 shares, the short-interest ratio is presently 0.4 days.

Auddia Stock Performance

NASDAQ:AUUD opened at $0.67 on Friday. Auddia has a 52-week low of $0.66 and a 52-week high of $14.60. The firm has a market cap of $2.09 million, a price-to-earnings ratio of -0.03 and a beta of 1.01. The business’s fifty day moving average is $0.97 and its 200 day moving average is $1.63.

Institutional Investors Weigh In On Auddia

A hedge fund recently bought a new stake in Auddia stock. Geode Capital Management LLC acquired a new stake in shares of Auddia Inc. (NASDAQ:AUUD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned approximately 0.86% of Auddia at the end of the most recent quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Auddia in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Auddia Company Profile

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.