Short Interest in Auddia Inc. (NASDAQ:AUUD) Expands By 444.6%

Auddia Inc. (NASDAQ:AUUD) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 125,800 shares, an increase of 444.6% from the February 29th total of 23,100 shares. Based on an average daily trading volume, of 348,600 shares, the short-interest ratio is presently 0.4 days. Approximately 21.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Auddia

Several large investors have recently bought and sold shares of AUUD. United Capital Financial Advisers LLC bought a new stake in Auddia during the first quarter worth $483,000. Vanguard Group Inc. increased its position in shares of Auddia by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 349,920 shares of the company’s stock valued at $466,000 after purchasing an additional 9,972 shares during the last quarter. UBS Group AG raised its stake in shares of Auddia by 4,981.8% during the 1st quarter. UBS Group AG now owns 33,438 shares of the company’s stock worth $68,000 after purchasing an additional 32,780 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Auddia in the 2nd quarter worth about $65,000. Finally, Citadel Advisors LLC boosted 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 worth $30,000 after buying an additional 11,511 shares during the last quarter.

Auddia Price Performance

Shares of Auddia stock opened at $1.94 on Friday. Auddia has a 52 week low of $1.77 and a 52 week high of $38.50. The stock has a 50 day moving average price of $4.09 and a two-hundred day moving average price of $5.68.

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.