WiSA Technologies, Inc. (NASDAQ:WISA) Short Interest Up 116.8% in January

Posted by Michelle Swanson on Feb 13th, 2025

WiSA Technologies, Inc. (NASDAQ:WISA – Get Free Report) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 1,370,000 shares, a growth of 116.8% from the January 15th total of 632,000 shares. Based on an average daily volume of 933,700 shares, the short-interest ratio is currently 1.5 days.

WiSA Technologies Stock Up 14.0 %

WISA opened at $1.30 on Thursday. The firm’s fifty day moving average price is $1.67 and its two-hundred day moving average price is $1.77. WiSA Technologies has a 1 year low of $1.11 and a 1 year high of $10.95.

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on WiSA Technologies

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WISA. Raymond James Financial Inc. purchased a new stake in WiSA Technologies in the 4th quarter valued at about $36,000. State Street Corp bought a new position in shares of WiSA Technologies in the third quarter valued at approximately $35,000. Geode Capital Management LLC increased its position in shares of WiSA Technologies by 60.0% during the fourth quarter. Geode Capital Management LLC now owns 70,418 shares of the company’s stock valued at $144,000 after acquiring an additional 26,403 shares during the last quarter. Finally, Anson Funds Management LP bought a new stake in WiSA Technologies during the third quarter worth $625,000. 0.66% of the stock is currently owned by hedge funds and other institutional investors.

About WiSA Technologies

(Get Free Report)

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.