PodcastOne, Inc. (NASDAQ:PODC) Short Interest Update

PodcastOne, Inc. (NASDAQ:PODC) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 98,300 shares, a growth of 24.6% from the December 31st total of 78,900 shares. Based on an average daily trading volume, of 52,900 shares, the short-interest ratio is presently 1.9 days. Currently, 1.7% of the shares of the company are sold short.

Institutional Investors Weigh In On PodcastOne

A hedge fund recently raised its stake in PodcastOne stock. International Assets Investment Management LLC boosted its position in shares of PodcastOne, Inc. (NASDAQ:PODC) by 92.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,600 shares of the company’s stock after acquiring an additional 14,688 shares during the period. International Assets Investment Management LLC owned 0.12% of PodcastOne worth $64,000 at the end of the most recent quarter. 2.87% of the stock is currently owned by institutional investors and hedge funds.

PodcastOne Stock Down 0.4 %

Shares of PODC stock traded down $0.01 during trading on Monday, hitting $2.33. The company had a trading volume of 64,502 shares, compared to its average volume of 42,800. The stock’s 50-day moving average is $2.30 and its two-hundred day moving average is $1.78. PodcastOne has a 52 week low of $1.10 and a 52 week high of $2.85. The stock has a market capitalization of $58.02 million, a price-to-earnings ratio of -8.03 and a beta of -0.80.

PodcastOne (NASDAQ:PODC) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). The company had revenue of $12.15 million during the quarter, compared to the consensus estimate of $13.30 million. PodcastOne had a negative net margin of 14.08% and a negative return on equity of 42.22%. During the same period in the prior year, the firm earned ($0.52) earnings per share. On average, research analysts predict that PodcastOne will post -0.21 EPS for the current fiscal year.

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.