WiSA Technologies, Inc. (NASDAQ:WISA) Short Interest Update

Posted by Alanna Baker on Jan 30th, 2025

WiSA Technologies, Inc. (NASDAQ:WISA – Get Free Report) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 632,000 shares, a decline of 49.4% from the December 31st total of 1,250,000 shares. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in WiSA Technologies stock. State Street Corp bought a new position in WiSA Technologies, Inc. (NASDAQ:WISA – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,502 shares of the company’s stock, valued at approximately $35,000. State Street Corp owned 0.35% of WiSA Technologies at the end of the most recent quarter. Institutional investors and hedge funds own 0.66% of the company’s stock.

WiSA Technologies Price Performance

Shares of WISA traded down $0.06 on Thursday, hitting $1.26. The company’s stock had a trading volume of 263,517 shares, compared to its average volume of 713,139. The firm’s fifty day moving average price is $1.74 and its 200-day moving average price is $1.85. WiSA Technologies has a fifty-two week low of $1.15 and a fifty-two week high of $15.11.

Analysts Set New Price Targets

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 report on Friday, December 6th.

Check Out Our Latest Stock Report on WISA

WiSA Technologies Company Profile

(Get Free Report)

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.