WiSA Technologies, Inc. (NASDAQ:WISA) Sees Significant Growth in Short Interest

WiSA Technologies, Inc. (NASDAQ:WISA) was the target of a significant growth in short interest during the month of 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 trading volume, of 933,700 shares, the short-interest ratio is presently 1.5 days.

Analysts Set New Price Targets

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

WiSA Technologies Price Performance

Shares of NASDAQ WISA opened at $1.30 on Thursday. The stock has a fifty day simple moving average of $1.67 and a two-hundred day simple moving average of $1.77. WiSA Technologies has a 1-year low of $1.11 and a 1-year high of $10.95.

Hedge Funds Weigh In On WiSA Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of WiSA Technologies during the fourth quarter valued at about $36,000. State Street Corp purchased a new stake in WiSA Technologies in the third quarter valued at approximately $35,000. Geode Capital Management LLC raised its stake in WiSA Technologies by 60.0% in the fourth quarter. Geode Capital Management LLC now owns 70,418 shares of the company’s stock valued at $144,000 after purchasing an additional 26,403 shares in the last quarter. Finally, Anson Funds Management LP bought a new stake in shares of WiSA Technologies during the 3rd quarter worth $625,000. Institutional investors own 0.66% of the company’s stock.

WiSA Technologies Company Profile

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.