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

WiSA Technologies, Inc. (NASDAQ:WISA) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 728,200 shares, a growth of 34.6% from the November 15th total of 540,900 shares. Based on an average daily volume of 558,200 shares, the short-interest ratio is currently 1.3 days. Approximately 13.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WiSA Technologies stock. State Street Corp purchased a new position in WiSA Technologies, Inc. (NASDAQ:WISA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,502 shares of the company’s stock, valued at approximately $35,000. State Street Corp owned about 0.35% of WiSA Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 0.66% of the company’s stock.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets reduced their price objective on WiSA Technologies from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, December 6th.

WiSA Technologies Stock Down 1.2 %

Shares of WiSA Technologies stock opened at $1.59 on Friday. WiSA Technologies has a one year low of $1.15 and a one year high of $21.00. The business’s 50 day simple moving average is $1.76 and its two-hundred day simple moving average is $2.01.

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.