Auddia Inc. (NASDAQ:AUUD – Get Rating) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 127,400 shares, a decline of 36.1% from the April 30th total of 199,300 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily volume of 963,000 shares, the days-to-cover ratio is currently 0.1 days.
Auddia Price Performance
Shares of AUUD stock traded down $0.03 on Friday, hitting $0.48. The stock had a trading volume of 170,065 shares, compared to its average volume of 631,976. Auddia has a 1 year low of $0.38 and a 1 year high of $1.75. The company’s 50 day moving average price is $0.59 and its 200-day moving average price is $0.94.
Institutional Investors Weigh In On Auddia
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Auddia by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 349,920 shares of the company’s stock valued at $466,000 after buying an additional 9,972 shares during the period. Citadel Advisors LLC raised its holdings in shares of Auddia by 103.8% in the 3rd quarter. Citadel Advisors LLC now owns 22,605 shares of the company’s stock valued at $30,000 after buying an additional 11,511 shares during the period. UBS Group AG raised its holdings in shares of Auddia by 4,981.8% in the 1st quarter. UBS Group AG now owns 33,438 shares of the company’s stock valued at $68,000 after buying an additional 32,780 shares during the period. Phillips Financial Management LLC purchased a new stake in shares of Auddia in the 3rd quarter valued at $50,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Auddia in the 2nd quarter valued at $65,000. Hedge funds and other institutional investors own 8.56% of the company’s stock.
Auddia Company Profile
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.
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