Auddia Inc. (NASDAQ:AUUD) Sees Significant Drop in Short Interest

Auddia Inc. (NASDAQ:AUUD) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 26,600 shares, a drop of 27.5% from the May 15th total of 36,700 shares. Based on an average daily trading volume, of 97,800 shares, the short-interest ratio is presently 0.3 days. Approximately 5.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Auddia stock. Virtu Financial LLC bought a new stake in shares of Auddia Inc. (NASDAQ:AUUD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 89,463 shares of the company’s stock, valued at approximately $46,000. Virtu Financial LLC owned 1.58% of Auddia at the end of the most recent quarter.

Analyst Ratings Changes

Separately, Wall Street Zen cut Auddia from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

Auddia Stock Up 4.8%

AUUD stock opened at $4.85 on Thursday. Auddia has a twelve month low of $2.88 and a twelve month high of $31.62. The stock has a market cap of $2.47 million, a P/E ratio of -0.12 and a beta of 0.93. The business’s 50-day moving average price is $4.18 and its 200-day moving average price is $6.14.

About Auddia

Auddia Inc, a technology company, develops AI Platform for the audio and podcast markets. The company's flagship product is faidr, which enables consumers to listen to various AM/FM radio station with commercial breaks replaced with personalized audio content, including popular and new music, news, and weather.