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

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

Hedge Funds Weigh In On WiSA Technologies

An institutional investor recently bought a new position in WiSA Technologies stock. Anson Funds Management LP bought a new stake in shares of WiSA Technologies, Inc. (NASDAQ:WISA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 353,121 shares of the company’s stock, valued at approximately $625,000. Anson Funds Management LP owned 6.28% of WiSA Technologies as of its most recent SEC filing. 0.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

WiSA Technologies Stock Down 10.2 %

NASDAQ WISA opened at $1.68 on Tuesday. The business has a 50 day simple moving average of $1.85 and a 200 day simple moving average of $1.95. WiSA Technologies has a one year low of $1.15 and a one year high of $17.15.

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.