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

WiSA Technologies, Inc. (NASDAQ:WISA) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 728,200 shares, an increase of 34.6% from the November 15th total of 540,900 shares. Currently, 13.0% of the company’s shares are sold short. Based on an average daily volume of 558,200 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On WiSA Technologies

A hedge fund recently bought a new stake in WiSA Technologies stock. State Street Corp purchased a new stake in shares of WiSA Technologies, Inc. (NASDAQ:WISA) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,502 shares of the company’s stock, valued at approximately $35,000. State Street Corp owned approximately 0.35% of WiSA Technologies as of its most recent SEC filing. Hedge funds and other institutional investors own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets lowered their price objective on shares of WiSA Technologies from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, December 6th.

WiSA Technologies Stock Performance

Shares of WiSA Technologies stock opened at $1.59 on Friday. The business has a 50 day moving average of $1.76 and a 200 day moving average of $2.01. WiSA Technologies has a 52 week low of $1.15 and a 52 week high of $21.00.

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.