Auddia Inc. (NASDAQ:AUUD) Short Interest Down 24.5% in August

Auddia Inc. (NASDAQ:AUUD) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 187,200 shares, a decrease of 24.5% from the August 15th total of 248,100 shares. Based on an average daily trading volume, of 3,480,000 shares, the short-interest ratio is presently 0.1 days. Currently, 1.9% of the shares of the stock are short sold.

A number of institutional investors have recently made changes to their positions in AUUD. Vanguard Group Inc. bought a new stake in Auddia in the 2nd quarter worth $1,490,000. Geode Capital Management LLC bought a new stake in Auddia in the 2nd quarter worth $126,000. Credit Suisse AG bought a new stake in Auddia in the 2nd quarter worth $88,000. Finally, Citadel Advisors LLC bought a new stake in Auddia in the 2nd quarter worth $60,000. 3.75% of the stock is currently owned by institutional investors and hedge funds.

Separately, Maxim Group started coverage on shares of Auddia in a report on Thursday, September 16th. They issued a “buy” rating and a $9.00 price target on the stock.

AUUD stock opened at $2.45 on Tuesday. Auddia has a 52 week low of $2.21 and a 52 week high of $9.30. The firm’s fifty day moving average is $3.13 and its 200 day moving average is $3.17.

Auddia Company Profile

Auddia Inc develops software products for the audio and podcast markets. The company's flagship product is Auddia, 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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