WiSA Technologies, Inc. (NASDAQ:WISA) Short Interest Up 33.4% in June

WiSA Technologies, Inc. (NASDAQ:WISA) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 450,000 shares, an increase of 33.4% from the May 31st total of 337,400 shares. Currently, 10.2% of the company’s stock are short sold. Based on an average daily volume of 7,180,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of WiSA Technologies

An institutional investor recently bought a new position in WiSA Technologies stock. Anson Funds Management LP acquired a new stake in shares of WiSA Technologies, Inc. (NASDAQ:WISA) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 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 at the end of the most recent quarter. 0.66% of the stock is currently owned by hedge funds and other institutional investors.

WiSA Technologies Price Performance

Shares of WiSA Technologies stock opened at $2.57 on Friday. WiSA Technologies has a 12 month low of $1.66 and a 12 month high of $235.49. The business has a fifty day simple moving average of $3.21 and a two-hundred day simple moving average of $7.78.

WiSA Technologies (NASDAQ:WISA) last issued its quarterly earnings results on Tuesday, May 21st. The company reported ($5.35) earnings per share (EPS) for the quarter. WiSA Technologies had a negative return on equity of 964.80% and a negative net margin of 807.54%. The business had revenue of $0.26 million during the quarter.

About WiSA Technologies

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.