Short Interest in Auddia Inc. (NASDAQ:AUUD) Decreases By 35.6%

Auddia Inc. (NASDAQ:AUUD) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 378,100 shares, a decrease of 35.6% from the February 28th total of 587,200 shares. Based on an average daily volume of 2,060,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 47.6% of the shares of the stock are sold short.

Auddia Stock Down 7.8 %

AUUD stock opened at $3.41 on Monday. The company’s 50-day moving average price is $0.38 and its two-hundred day moving average price is $0.52. The firm has a market cap of $29.31 million, a P/E ratio of -0.80 and a beta of 0.70. Auddia has a 12 month low of $0.47 and a 12 month high of $96.90.

Auddia (NASDAQ:AUUD) last issued its earnings results on Wednesday, March 5th. The company reported ($0.88) earnings per share for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Auddia stock. Virtu Financial LLC acquired a new position in shares of Auddia Inc. (NASDAQ:AUUD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 89,463 shares of the company’s stock, valued at approximately $46,000. Virtu Financial LLC owned about 1.58% of Auddia at the end of the most recent reporting period.

Auddia Company Profile

Auddia Inc, a technology company, develops AI Platform for the audio and podcast markets. The company's flagship product is faidr, which enables consumers to listen to various AM/FM radio station with commercial breaks replaced with personalized audio content, including popular and new music, news, and weather.