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

WiSA Technologies, Inc. (NASDAQ:WISA) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 632,000 shares, a drop 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 short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On WiSA Technologies

A hedge fund recently bought a new stake in WiSA Technologies stock. State Street Corp purchased a new stake in WiSA Technologies, Inc. (NASDAQ:WISA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

WiSA Technologies Trading Down 3.1 %

Shares of WISA opened at $1.27 on Friday. WiSA Technologies has a 12-month low of $1.15 and a 12-month high of $15.11. The business’s fifty day moving average is $1.73 and its 200 day moving average is $1.85.

About WiSA Technologies

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.