Short Interest in PodcastOne, Inc. (NASDAQ:PODC) Declines By 21.7%

PodcastOne, Inc. (NASDAQ:PODC - Get Free Report) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 51,100 shares, a drop of 21.7% from the October 31st total of 65,300 shares. Based on an average trading volume of 33,100 shares, the short-interest ratio is presently 1.5 days. Approximately 0.9% of the shares of the stock are short sold.

PodcastOne Stock Performance

PODC traded down $0.09 on Friday, hitting $2.17. 37,674 shares of the company were exchanged, compared to its average volume of 40,666. The firm has a fifty day simple moving average of $1.54 and a two-hundred day simple moving average of $1.59. PodcastOne has a 12 month low of $1.10 and a 12 month high of $2.70. The stock has a market capitalization of $53.03 million, a PE ratio of -7.48 and a beta of -2.48.

Insider Buying and Selling at PodcastOne

In other news, Director D Jonathan Merriman acquired 14,000 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were bought at an average cost of $1.89 per share, with a total value of $26,460.00. Following the acquisition, the director now owns 179,339 shares in the company, valued at approximately $338,950.71. This represents a 8.47 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired a total of 76,855 shares of company stock valued at $133,178 in the last 90 days. Corporate insiders own 7.80% of the company's stock.

PodcastOne Company Profile

PodcastOne, Inc operates as a podcast platform and publisher. The company offers its content to audiences through podcasting distribution platforms, including its website, Apple Podcasts, Spotify, Amazon Music, and others. It also produces vodcasts, branded podcasts, merchandise, and live events. In addition, the company builds, owns, and operates LaunchPadOne, a self-publishing podcast platform.