PodcastOne, Inc. (NASDAQ:PODC) Short Interest Down 25.4% in January

PodcastOne, Inc. (NASDAQ:PODC) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 73,300 shares, a decline of 25.4% from the January 15th total of 98,300 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average trading volume of 55,200 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Investors Weigh In On PodcastOne

Institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its position in PodcastOne by 92.3% in the fourth quarter. International Assets Investment Management LLC now owns 30,600 shares of the company’s stock worth $64,000 after purchasing an additional 14,688 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in shares of PodcastOne during the 4th quarter valued at $54,000. Fleming James B JR purchased a new position in shares of PodcastOne during the 4th quarter valued at $189,000. Finally, Renaissance Technologies LLC purchased a new stake in PodcastOne during the 4th quarter worth about $26,000. Institutional investors own 2.87% of the company’s stock.

PodcastOne Stock Performance

Shares of NASDAQ PODC traded up $0.07 during midday trading on Friday, hitting $2.03. 9,390 shares of the stock traded hands, compared to its average volume of 39,016. The company has a market cap of $50.65 million, a PE ratio of -7.01 and a beta of -0.80. PodcastOne has a one year low of $1.10 and a one year high of $2.85. The business has a 50 day moving average price of $2.29 and a two-hundred day moving average price of $1.82.

PodcastOne (NASDAQ:PODC) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. PodcastOne had a negative return on equity of 42.22% and a negative net margin of 14.08%. As a group, equities research analysts forecast that PodcastOne will post -0.21 EPS for the current fiscal year.

PodcastOne Company Profile

PodcastOne, Inc operates as a podcast platform and publisher. The company offers its content to audiences through podcasting distribution platforms, including its website, Apple Podcasts, Spotify, Amazon Music, and others. It also produces vodcasts, branded podcasts, merchandise, and live events. In addition, the company builds, owns, and operates LaunchPadOne, a self-publishing podcast platform.