WiSA Technologies, Inc. (NASDAQ:WISA) Sees Significant Growth in Short Interest

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

Institutional Trading of WiSA Technologies

A hedge fund recently bought a new stake 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 13F filing with the Securities and Exchange Commission. The fund 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 Securities and Exchange Commission. Institutional investors own 0.66% of the company’s stock.

WiSA Technologies Trading Down 5.3 %

Shares of WiSA Technologies stock opened at $1.77 on Friday. The stock has a 50-day simple moving average of $1.92 and a 200-day simple moving average of $2.88. WiSA Technologies has a 52-week low of $1.15 and a 52-week high of $96.69.

WiSA Technologies (NASDAQ:WISA) last released its quarterly 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 business had revenue of $0.35 million for the quarter.

Analyst Ratings Changes

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

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.