WiSA Technologies, Inc. (NASDAQ:WISA) Sees Large Increase in Short Interest

WiSA Technologies, Inc. (NASDAQ:WISA) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 1,250,000 shares, a growth of 93.4% from the December 31st total of 646,400 shares. Approximately 19.6% of the shares of the company are short sold. Based on an average daily volume of 987,000 shares, the short-interest ratio is presently 1.3 days.

WiSA Technologies Stock Down 7.7 %

NASDAQ WISA opened at $1.31 on Thursday. WiSA Technologies has a 1-year low of $1.15 and a 1-year high of $15.23. The stock’s 50 day moving average is $1.74 and its two-hundred day moving average is $1.85.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets lowered their target price on WiSA Technologies from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, December 6th.

Institutional Trading of WiSA Technologies

A hedge fund recently bought a new stake in WiSA Technologies stock. Anson Funds Management LP purchased a new stake in shares of WiSA Technologies, Inc. (NASDAQ:WISA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 353,121 shares of the company’s stock, valued at approximately $625,000. Anson Funds Management LP owned approximately 6.28% of WiSA Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 0.66% of the company’s stock.

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.