Auddia Inc. (NASDAQ:AUUD) Sees Large Drop in Short Interest

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

Auddia Trading Down 10.7 %

Shares of NASDAQ:AUUD opened at $0.22 on Friday. The company has a market capitalization of $1.87 million, a PE ratio of -0.05 and a beta of 0.70. Auddia has a 12-month low of $0.21 and a 12-month high of $5.70. The business has a 50 day moving average of $0.38 and a two-hundred day moving average of $0.52.

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

Institutional Investors Weigh In On Auddia

An institutional investor recently bought a new position in Auddia stock. Virtu Financial LLC purchased a new position in shares of Auddia Inc. (NASDAQ:AUUD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 89,463 shares of the company’s stock, valued at approximately $46,000. Virtu Financial LLC owned approximately 1.58% of Auddia at the end of the most recent quarter.

About Auddia

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.