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

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

Analysts Set New Price Targets

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

WiSA Technologies Stock Performance

Shares of WISA stock opened at $1.86 on Wednesday. WiSA Technologies has a 52 week low of $1.15 and a 52 week high of $38.10. The company’s 50 day moving average price is $1.87 and its two-hundred day moving average price is $2.30.

WiSA Technologies (NASDAQ:WISA) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($1.50) earnings per share (EPS) for the quarter. The firm had revenue of $0.35 million for the quarter. On average, analysts predict that WiSA Technologies will post -13.48 earnings per share for the current year.

Institutional Trading of WiSA Technologies

An institutional investor recently bought a new position in WiSA Technologies stock. Anson Funds Management LP bought a new stake in WiSA Technologies, Inc. (NASDAQ:WISA) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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. 0.66% of the stock is currently owned by institutional investors and hedge funds.

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.