Auddia Inc. (NASDAQ:AUUD – Get Free Report) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 237,511 shares, a decline of 43.8% from the June 15th total of 422,737 shares. Based on an average trading volume of 323,943 shares, the short-interest ratio is presently 0.7 days. Currently, 4.2% of the company’s shares are sold short.
Hedge Funds Weigh In On Auddia
A hedge fund recently bought a new position in Auddia stock. Virtu Financial LLC acquired a new stake in Auddia Inc. (NASDAQ:AUUD – Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 15,316 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned approximately 1.33% of Auddia as of its most recent SEC filing.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded Auddia from a “sell (e+)” rating to a “sell (e)” rating in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Auddia currently has a consensus rating of “Sell”.
Auddia Price Performance
Shares of AUUD stock opened at $1.36 on Thursday. The stock has a market cap of $7.92 million, a PE ratio of -0.03 and a beta of 0.46. The stock has a 50-day moving average of $1.40 and a 200-day moving average of $4.39. Auddia has a one year low of $1.16 and a one year high of $48.36.
Auddia (NASDAQ:AUUD – Get Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported ($5.09) earnings per share for the quarter, missing the consensus estimate of ($5.00) by ($0.09).
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.
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