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

WiSA Technologies, Inc. (NASDAQ:WISA) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 1,250,000 shares, an increase of 93.4% from the December 31st total of 646,400 shares. Based on an average trading volume of 987,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 19.6% of the company’s stock are sold short.

WiSA Technologies Stock Performance

NASDAQ WISA opened at $1.31 on Thursday. WiSA Technologies has a fifty-two week low of $1.15 and a fifty-two week high of $15.23. The stock’s 50-day moving average is $1.74 and its two-hundred day moving average is $1.85.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WiSA Technologies stock. State Street Corp acquired a new position in WiSA Technologies, Inc. (NASDAQ:WISA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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. 0.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets decreased their target price 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.

WiSA Technologies Company Profile

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.