WiSA Technologies, Inc. (NASDAQ:WISA) Short Interest Up 65.3% in October

Posted by Tech Dows on Nov 15th, 2024

WiSA Technologies, Inc. (NASDAQ:WISA – Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 488,200 shares, a growth of 65.3% from the October 15th total of 295,400 shares. Based on an average daily volume of 3,760,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 8.8% of the company’s shares are short sold.

Institutional Trading of WiSA Technologies

An institutional investor recently bought a new position in WiSA Technologies stock. Anson Funds Management LP acquired a new stake in WiSA Technologies, Inc. (NASDAQ:WISA – Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 21,323,458 shares of the company’s stock, valued at approximately $448,000. Anson Funds Management LP owned approximately 1,211.56% of WiSA Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets reduced their price target on WiSA Technologies from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, August 29th.

Check Out Our Latest Report on WISA

WiSA Technologies Stock Performance

WiSA Technologies stock opened at $1.94 on Friday. The stock’s 50 day moving average price is $1.84 and its two-hundred day moving average price is $2.30. WiSA Technologies has a 52-week low of $1.15 and a 52-week high of $38.10.

WiSA Technologies (NASDAQ:WISA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($1.50) EPS for the quarter. The firm had revenue of $0.35 million during the quarter. Analysts anticipate that WiSA Technologies will post -13.48 earnings per share for the current fiscal year.

WiSA Technologies Company Profile

(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.