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

PodcastOne, Inc. (NASDAQ:PODC) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 62,200 shares, an increase of 21.7% from the November 15th total of 51,100 shares. Based on an average daily trading volume, of 42,300 shares, the short-interest ratio is presently 1.5 days. Approximately 1.1% of the shares of the stock are short sold.

PodcastOne Price Performance

Shares of PODC stock traded up $0.25 during trading hours on Monday, hitting $2.49. 111,904 shares of the company’s stock were exchanged, compared to its average volume of 41,784. PodcastOne has a 52 week low of $1.10 and a 52 week high of $2.70. The stock has a market cap of $60.86 million, a price-to-earnings ratio of -8.59 and a beta of -1.05. The stock’s 50-day moving average is $1.72 and its 200-day moving average is $1.62.

Insider Buying and Selling at PodcastOne

In other PodcastOne news, Director D Jonathan Merriman purchased 14,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was purchased at an average cost of $1.89 per share, with a total value of $26,460.00. Following the acquisition, the director now directly owns 179,339 shares of the company’s stock, valued at approximately $338,950.71. This trade represents a 8.47 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders have bought a total of 49,055 shares of company stock worth $86,740 over the last ninety 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.