Auddia Inc. (NASDAQ:AUUD) Short Interest Down 68.8% in May

Auddia Inc. (NASDAQ:AUUD) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 135,351 shares, a decrease of 68.8% from the April 30th total of 433,654 shares. Based on an average trading volume of 12,791,887 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Auddia

An institutional investor recently bought a new position in Auddia stock. Geode Capital Management LLC bought a new stake in Auddia Inc. (NASDAQ:AUUD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 26,538 shares of the company’s stock, valued at approximately $26,000. Geode Capital Management LLC owned 0.86% of Auddia as of its most recent filing with the Securities and Exchange Commission (SEC).

Auddia Price Performance

Auddia stock opened at $1.41 on Friday. The company has a market capitalization of $7.56 million, a price-to-earnings ratio of -0.04 and a beta of 0.66. Auddia has a one year low of $1.16 and a one year high of $56.13. The company’s fifty day moving average price is $3.32 and its two-hundred day moving average price is $6.01.

Auddia (NASDAQ:AUUD) last posted its earnings results on Friday, May 15th. The company reported ($5.09) EPS for the quarter, missing the consensus estimate of ($5.00) by ($0.09).

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Auddia from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Auddia has a consensus rating of “Sell”.

About Auddia

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.