Auddia Inc. (NASDAQ:AUUD) Short Interest Down 55.3% in May

Auddia Inc. (NASDAQ:AUUDGet Rating) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 82,700 shares, a decrease of 55.3% from the April 30th total of 185,000 shares. Based on an average trading volume of 226,000 shares, the short-interest ratio is presently 0.4 days. Approximately 0.9% of the shares of the stock are short sold.

Shares of Auddia stock opened at $1.03 on Friday. Auddia has a 1-year low of $0.83 and a 1-year high of $9.30. The firm’s 50-day moving average price is $1.80 and its two-hundred day moving average price is $1.84.

Institutional investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in shares of Auddia during the second quarter worth $60,000. BlackRock Inc. grew its holdings in shares of Auddia by 40.3% during the fourth quarter. BlackRock Inc. now owns 23,777 shares of the company’s stock worth $42,000 after purchasing an additional 6,834 shares during the last quarter. State Street Corp bought a new stake in shares of Auddia during the fourth quarter worth $50,000. UBS Group AG grew its holdings in shares of Auddia by 4,981.8% during the first quarter. UBS Group AG now owns 33,438 shares of the company’s stock worth $68,000 after purchasing an additional 32,780 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Auddia by 86.8% in the third quarter. Geode Capital Management LLC now owns 41,914 shares of the company’s stock valued at $101,000 after purchasing an additional 19,482 shares in the last quarter. 4.03% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Maxim Group began coverage on Auddia in a research report on Friday, February 18th. They issued a “buy” rating and a $5.00 price target on the stock.

Auddia Company Profile (Get Rating)

Auddia Inc, a technology company, develops software products for the audio and podcast markets. The company's flagship product is Faidr, a subscription based mobile application that enables users to listen to various streaming AM/FM radio stations without commercials. It also provides Vodacast, an interactive podcasting platform and application; and Vodcast Hub, a content management system.

Further Reading

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