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

WiSA Technologies, Inc. (NASDAQ:WISA - Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,370,000 shares, an increase of 116.8% from the January 15th total of 632,000 shares. Based on an average daily volume of 933,700 shares, the days-to-cover ratio is presently 1.5 days.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets reduced their price target on shares of WiSA Technologies from $14.00 to $11.00 and set a "buy" rating for the company in a research report on Friday, December 6th.

WiSA Technologies Stock Performance

The business has a 50 day moving average of $1.65 and a 200 day moving average of $1.75. WiSA Technologies has a 1-year low of $1.11 and a 1-year high of $10.95.

Institutional Trading of WiSA Technologies

Large investors have recently bought and sold shares of the company. Anson Funds Management LP bought a new position in shares of WiSA Technologies during the 3rd quarter worth $625,000. Geode Capital Management LLC lifted its holdings in WiSA Technologies by 60.0% during 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 during the last quarter. State Street Corp bought a new stake in shares of WiSA Technologies in the third quarter valued at approximately $35,000. Finally, Raymond James Financial Inc. bought a new stake in shares of WiSA Technologies in the fourth quarter valued at approximately $36,000. 0.66% of the stock is owned by hedge funds and other institutional investors.

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.