Short Interest in WiSA Technologies, Inc. (NASDAQ:WISA) Decreases By 40.3%

WiSA Technologies, Inc. (NASDAQ:WISA) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 295,400 shares, a drop of 40.3% from the September 30th total of 494,700 shares. Currently, 7.4% of the shares of the company are short sold. Based on an average daily volume of 3,710,000 shares, the short-interest ratio is currently 0.1 days.

WiSA Technologies Stock Up 11.7 %

Shares of NASDAQ:WISA traded up $0.20 during midday trading on Friday, hitting $1.91. The stock had a trading volume of 1,791,824 shares, compared to its average volume of 3,482,923. WiSA Technologies has a 1 year low of $1.15 and a 1 year high of $38.10. The stock has a 50 day moving average price of $1.80 and a two-hundred day moving average price of $2.58.

WiSA Technologies (NASDAQ:WISA) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($1.50) earnings per share for the quarter. The company had revenue of $0.35 million during the quarter. As a group, equities research analysts predict that WiSA Technologies will post -13.48 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WiSA Technologies stock. Anson Funds Management LP bought a new stake in shares of WiSA Technologies, Inc. (NASDAQ:WISA) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 21,323,458 shares of the company’s stock, valued at approximately $448,000. Anson Funds Management LP owned about 1,211.56% of WiSA Technologies as of its most recent filing with the SEC. 0.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets dropped 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 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.