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

WiSA Technologies, Inc. (NASDAQ:WISA) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 283,900 shares, an increase of 47.9% from the July 15th total of 191,900 shares. Based on an average daily trading volume, of 1,570,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 6.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WiSA Technologies stock. Anson Funds Management LP purchased a new position in shares of WiSA Technologies, Inc. (NASDAQ:WISA) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 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 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.66% of the company’s stock.

WiSA Technologies Price Performance

WISA stock traded up $0.01 during trading on Thursday, reaching $1.70. 56,544 shares of the company were exchanged, compared to its average volume of 3,060,328. The company has a 50-day moving average of $2.39 and a two-hundred day moving average of $4.36. WiSA Technologies has a twelve month low of $1.64 and a twelve month high of $168.23.

WiSA Technologies (NASDAQ:WISA) last announced its quarterly earnings results on Tuesday, May 21st. The company reported ($5.35) earnings per share (EPS) for the quarter. WiSA Technologies had a negative net margin of 807.54% and a negative return on equity of 964.80%. The business had revenue of $0.26 million during the quarter.

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.