Short Interest in Auddia Inc. (NASDAQ:AUUD) Declines By 91.7%

Auddia Inc. (NASDAQ:AUUD) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 31,200 shares, a decrease of 91.7% from the March 15th total of 378,100 shares. Based on an average daily volume of 118,400 shares, the short-interest ratio is presently 0.3 days. Approximately 66.8% of the company’s shares are sold short.

Institutional Trading of Auddia

A hedge fund recently bought a new stake in Auddia stock. Virtu Financial LLC bought a new stake in Auddia Inc. (NASDAQ:AUUD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 89,463 shares of the company’s stock, valued at approximately $46,000. Virtu Financial LLC owned approximately 1.58% of Auddia as of its most recent SEC filing.

Auddia Price Performance

Shares of NASDAQ:AUUD traded up $0.17 during mid-day trading on Monday, hitting $4.28. The company had a trading volume of 20,364 shares, compared to its average volume of 78,790. The company has a market capitalization of $2.18 million, a PE ratio of -0.06 and a beta of 0.79. Auddia has a one year low of $3.35 and a one year high of $55.76. The firm has a fifty day moving average price of $5.50 and a 200 day moving average price of $8.10.

Auddia (NASDAQ:AUUD) last posted its earnings results on Wednesday, March 5th. The company reported ($14.96) EPS for the quarter.

Auddia Company Profile

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.