Short Interest in Auddia Inc. (NASDAQ:AUUD) Drops By 11.4%

Auddia Inc. (NASDAQ:AUUD) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 170,100 shares, a decrease of 11.4% from the August 15th total of 192,000 shares. Based on an average trading volume of 3,260,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.1% of the shares of the company are sold short.

Auddia Price Performance

Auddia stock remained flat at $0.35 during mid-day trading on Tuesday. 6,034 shares of the company’s stock were exchanged, compared to its average volume of 1,544,466. Auddia has a 12-month low of $0.31 and a 12-month high of $1.75. The stock’s 50 day simple moving average is $0.38 and its 200 day simple moving average is $0.52.

Auddia (NASDAQ:AUUD) last posted its earnings results on Thursday, August 24th. The company reported ($0.15) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Auddia by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 349,920 shares of the company’s stock worth $466,000 after buying an additional 9,972 shares during the last quarter. United Capital Financial Advisers LLC bought a new stake in shares of Auddia during the 1st quarter worth approximately $483,000. Renaissance Technologies LLC acquired a new stake in shares of Auddia in the 2nd quarter valued at approximately $65,000. UBS Group AG grew its stake in shares of Auddia by 4,981.8% in the first 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 in the last quarter. Finally, Citadel Advisors LLC increased its holdings in Auddia by 103.8% during the third quarter. Citadel Advisors LLC now owns 22,605 shares of the company’s stock worth $30,000 after buying an additional 11,511 shares during the last quarter. Institutional investors own 14.53% of the company’s stock.

About Auddia

Auddia Inc, a technology company, develops AI Platform 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 Podcast Hub, a content management system.