WiSA Technologies, Inc. (NASDAQ:WISA) Sees Large Increase in Short Interest

WiSA Technologies, Inc. (NASDAQ:WISA) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 488,200 shares, a growth of 65.3% from the October 15th total of 295,400 shares. Based on an average daily volume of 3,760,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 8.8% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WiSA Technologies stock. Anson Funds Management LP purchased a new position in shares of WiSA Technologies, Inc. (NASDAQ:WISA) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 21,323,458 shares of the company’s stock, valued at approximately $448,000. Anson Funds Management LP owned about 1,211.56% of WiSA Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.66% of the company’s stock.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets dropped their price objective on shares of WiSA Technologies from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, August 29th.

WiSA Technologies Trading Down 0.5 %

NASDAQ:WISA opened at $1.85 on Thursday. WiSA Technologies has a one year low of $1.15 and a one year high of $38.10. The business’s 50-day simple moving average is $1.84 and its 200 day simple moving average is $2.30.

WiSA Technologies (NASDAQ:WISA) last released its earnings results on Wednesday, August 14th. The company reported ($1.50) EPS for the quarter. The firm had revenue of $0.35 million during the quarter. Sell-side analysts forecast that WiSA Technologies will post -13.48 earnings per share for the current year.

WiSA Technologies Company Profile

WiSA Technologies, Inc develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems in the United States and Europe. The company offers wireless modules. It serves primarily to consumer electronics companies. The company was formerly known as Summit Wireless Technologies, Inc and changed its name to WiSA Technologies Inc in March 2022.