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

WiSA Technologies, Inc. (NASDAQ:WISA) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,370,000 shares, a growth of 116.8% from the January 15th total of 632,000 shares. Based on an average daily trading volume, of 933,700 shares, the days-to-cover ratio is currently 1.5 days.

WiSA Technologies Stock Performance

The business has a fifty day moving average price of $1.65 and a two-hundred day moving average price of $1.75. WiSA Technologies has a 12 month low of $1.11 and a 12 month high of $10.95.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets lowered their price objective on shares of WiSA Technologies from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, December 6th.

Institutional Trading of WiSA Technologies

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in WiSA Technologies during the 4th quarter valued at about $36,000. State Street Corp purchased a new stake in WiSA Technologies in the third quarter worth about $35,000. Geode Capital Management LLC increased its stake in shares of WiSA Technologies by 60.0% during the fourth quarter. Geode Capital Management LLC now owns 70,418 shares of the company’s stock valued at $144,000 after purchasing an additional 26,403 shares in the last quarter. Finally, Anson Funds Management LP purchased a new position in shares of WiSA Technologies during the third quarter valued at approximately $625,000. Institutional investors own 0.66% of the company’s stock.

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.