Short Interest in Audinate Group Limited (OTCMKTS:AUDGF) Declines By 52.9%

Audinate Group Limited (OTCMKTS:AUDGF) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 55,100 shares, a decline of 52.9% from the February 29th total of 117,000 shares. Based on an average daily trading volume, of 1,000 shares, the short-interest ratio is currently 55.1 days.

Audinate Group Price Performance

Shares of AUDGF stock opened at $13.50 on Thursday. Audinate Group has a 12-month low of $9.59 and a 12-month high of $14.41. The business has a 50 day simple moving average of $12.42 and a 200 day simple moving average of $9.29.

About Audinate Group

Audinate Group Limited develops and sells digital audio visual (AV) networking solutions in Australia and internationally. It provides Dante, a technology platform that distributes digital audio and video signals over computer networks to original equipment manufacturers. The company also offers software products, such as Dante Controller, a real-time network monitoring device; Dante Virtual Soundcard that provides access to various audio devices on the network; Dante Via, a software that delivers multi-channel routing of computer-based audio; Dante Studio; Dante Connect that delivers in-sync audio directly from Dante networks to cloud services; and Dante Domain Manager, as well as Dante AVIO adapter.