PodcastOne, Inc. (NASDAQ:PODC) Short Interest Update

PodcastOne, Inc. (NASDAQ:PODC) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 98,300 shares, a growth of 24.6% from the December 31st total of 78,900 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 52,900 shares, the short-interest ratio is currently 1.9 days.

Institutional Investors Weigh In On PodcastOne

An institutional investor recently raised its position in PodcastOne stock. International Assets Investment Management LLC boosted its holdings in shares of PodcastOne, Inc. (NASDAQ:PODC) by 92.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,600 shares of the company’s stock after buying an additional 14,688 shares during the period. International Assets Investment Management LLC owned approximately 0.12% of PodcastOne worth $64,000 as of its most recent SEC filing. Institutional investors and hedge funds own 2.87% of the company’s stock.

PodcastOne Stock Down 0.4 %

PODC traded down $0.01 during trading on Monday, reaching $2.33. 64,502 shares of the stock traded hands, compared to its average volume of 42,800. The stock’s 50-day moving average is $2.29 and its 200 day moving average is $1.78. PodcastOne has a 12 month low of $1.10 and a 12 month high of $2.85. The stock has a market capitalization of $58.02 million, a PE ratio of -8.03 and a beta of -0.80.

PodcastOne (NASDAQ:PODC) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). PodcastOne had a negative net margin of 14.08% and a negative return on equity of 42.22%. The company had revenue of $12.15 million for the quarter, compared to analysts’ expectations of $13.30 million. During the same quarter in the prior year, the firm earned ($0.52) EPS. As a group, equities research analysts anticipate that PodcastOne will post -0.21 EPS for the current year.

PodcastOne Company Profile

PodcastOne, Inc operates as a podcast platform and publisher. The company offers its content to audiences through podcasting distribution platforms, including its website, Apple Podcasts, Spotify, Amazon Music, and others. It also produces vodcasts, branded podcasts, merchandise, and live events. In addition, the company builds, owns, and operates LaunchPadOne, a self-publishing podcast platform.