Short Interest in Audinate Group Limited (OTCMKTS:AUDGF) Decreases By 95.5%

Audinate Group Limited (OTCMKTS:AUDGF) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 26,841 shares, a drop of 95.5% from the June 30th total of 602,911 shares. Based on an average daily volume of 41 shares, the short-interest ratio is presently 654.7 days.

Audinate Group Stock Performance

AUDGF remained flat at $1.30 during trading hours on Friday. Audinate Group has a 1-year low of $1.30 and a 1-year high of $4.82. The company’s 50 day simple moving average is $1.59 and its two-hundred day simple moving average is $1.96.

About Audinate Group

Audinate Group is a technology company specializing in the development of digital media networking solutions for professional audio, video and control applications. Its flagship technology, Dante (Digital Audio Network Through Ethernet), enables the transmission of high-quality, multi-channel audio over standard Ethernet networks with near-zero latency and sample-accurate synchronization. Audinate offers a suite of software and hardware products, including Dante Controller, Dante Virtual Soundcard and Dante Domain Manager, designed to simplify the configuration, deployment and management of networked audio systems.

The company licenses its Dante technology to original equipment manufacturers in markets such as broadcast, live sound, recording studios, conferencing, education and fixed installations.