PodcastOne, Inc. (NASDAQ:PODC) Sees Large Growth in Short Interest

Posted by Stephan Jacobs on Feb 3rd, 2025

PodcastOne, Inc. (NASDAQ:PODC – Get Free Report) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 98,300 shares, an increase of 24.6% from the December 31st total of 78,900 shares. Based on an average trading volume of 52,900 shares, the short-interest ratio is currently 1.9 days. Currently, 1.7% of the shares of the company are short sold.

PodcastOne Trading Down 0.4 %

NASDAQ:PODC traded down $0.01 on Monday, hitting $2.33. The company’s stock had a trading volume of 64,502 shares, compared to its average volume of 42,800. PodcastOne has a one year low of $1.10 and a one year high of $2.85. The firm has a market capitalization of $58.02 million, a P/E ratio of -8.03 and a beta of -0.80. The stock has a fifty day moving average of $2.29 and a two-hundred day moving average of $1.78.

PodcastOne (NASDAQ:PODC – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The business had revenue of $12.15 million during the quarter, compared to the consensus estimate of $13.30 million. PodcastOne had a negative return on equity of 42.22% and a negative net margin of 14.08%. During the same quarter last year, the firm posted ($0.52) EPS. As a group, sell-side analysts anticipate that PodcastOne will post -0.21 EPS for the current year.

Institutional Investors Weigh In On PodcastOne

An institutional investor recently raised its position in PodcastOne stock. International Assets Investment Management LLC raised its stake in PodcastOne, Inc. (NASDAQ:PODC – Free Report) by 92.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,600 shares of the company’s stock after acquiring an additional 14,688 shares during the quarter. International Assets Investment Management LLC owned approximately 0.12% of PodcastOne worth $64,000 as of its most recent SEC filing. 2.87% of the stock is currently owned by institutional investors and hedge funds.

About PodcastOne

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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.