WiSA Technologies, Inc. (NASDAQ:WISA) Short Interest Update

WiSA Technologies, Inc. (NASDAQ:WISA) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 1,250,000 shares, a growth of 93.4% from the December 15th total of 646,400 shares. Approximately 19.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 987,000 shares, the short-interest ratio is presently 1.3 days.

WiSA Technologies Stock Performance

NASDAQ:WISA opened at $1.68 on Tuesday. The stock’s 50-day moving average is $1.85 and its 200-day moving average is $1.95. WiSA Technologies has a 1-year low of $1.15 and a 1-year high of $17.15.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets cut their price objective on WiSA Technologies from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, December 6th.

Institutional Investors Weigh In On WiSA Technologies

An institutional investor recently bought a new position in WiSA Technologies stock. State Street Corp purchased a new position in shares of WiSA Technologies, Inc. (NASDAQ:WISA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,502 shares of the company’s stock, valued at approximately $35,000. State Street Corp owned 0.35% of WiSA Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 0.66% of the stock is owned by institutional investors and hedge funds.

About WiSA Technologies

WiSA Technologies, Inc develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems in the United States and Europe. The company offers wireless modules. It serves primarily to consumer electronics companies. The company was formerly known as Summit Wireless Technologies, Inc and changed its name to WiSA Technologies Inc in March 2022.