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

WiSA Technologies, Inc. (NASDAQ:WISA) saw a significant 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. Based on an average daily volume of 987,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 19.6% of the shares of the company are short sold.

WiSA Technologies Stock Performance

WiSA Technologies stock opened at $1.42 on Wednesday. WiSA Technologies has a one year low of $1.15 and a one year high of $15.60. The company has a 50-day simple moving average of $1.75 and a 200-day simple moving average of $1.85.

Institutional Inflows and Outflows

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 third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 19,502 shares of the company’s stock, valued at approximately $35,000. State Street Corp owned about 0.35% of WiSA Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.