Short Interest in PodcastOne, Inc. (NASDAQ:PODC) Rises By 21.7%

PodcastOne, Inc. (NASDAQ:PODC) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 62,200 shares, an increase of 21.7% from the November 15th total of 51,100 shares. Based on an average daily trading volume, of 42,300 shares, the short-interest ratio is currently 1.5 days. Approximately 1.1% of the shares of the company are short sold.

PodcastOne Stock Performance

Shares of NASDAQ:PODC traded up $0.25 during midday trading on Monday, reaching $2.49. 111,904 shares of the company’s stock were exchanged, compared to its average volume of 41,784. The company’s 50 day simple moving average is $1.72 and its two-hundred day simple moving average is $1.62. PodcastOne has a 12 month low of $1.10 and a 12 month high of $2.70. The firm has a market capitalization of $60.86 million, a PE ratio of -8.59 and a beta of -1.05.

Insider Activity at PodcastOne

In other PodcastOne news, Director D Jonathan Merriman purchased 14,000 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were purchased at an average price of $1.89 per share, for a total transaction of $26,460.00. Following the completion of the purchase, the director now directly owns 179,339 shares of the company’s stock, valued at approximately $338,950.71. This represents a 8.47 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders purchased 49,055 shares of company stock worth $86,740. Company insiders own 7.80% of the company’s stock.

PodcastOne Company Profile

PodcastOne, Inc operates as a podcast platform and publisher. The company offers its content to audiences through podcasting distribution platforms, including its website, Apple Podcasts, Spotify, Amazon Music, and others. It also produces vodcasts, branded podcasts, merchandise, and live events. In addition, the company builds, owns, and operates LaunchPadOne, a self-publishing podcast platform.