WiSA Technologies, Inc. (NASDAQ:WISA) Short Interest Update

WiSA Technologies, Inc. (NASDAQ:WISA) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 352,500 shares, a growth of 49.9% from the August 31st total of 235,200 shares. Approximately 7.0% of the shares of the company are short sold. Based on an average daily volume of 3,550,000 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

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

WiSA Technologies Trading Down 5.3 %

NASDAQ:WISA opened at $1.77 on Friday. WiSA Technologies has a one year low of $1.15 and a one year high of $96.69. The company has a fifty day moving average price of $1.92 and a 200 day moving average price of $2.88.

WiSA Technologies (NASDAQ:WISA) last released its earnings results on Wednesday, August 14th. The company reported ($1.50) earnings per share for the quarter. WiSA Technologies had a negative net margin of 2,930.80% and a negative return on equity of 964.80%. The company had revenue of $0.35 million during the quarter.

Institutional Trading of WiSA Technologies

An institutional investor recently bought a new position in WiSA Technologies stock. Anson Funds Management LP bought a new position in WiSA Technologies, Inc. (NASDAQ:WISA) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,323,458 shares of the company’s stock, valued at approximately $448,000. Anson Funds Management LP owned 1,211.56% of WiSA Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 0.66% of the company’s stock.

About WiSA Technologies

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.