AudioEye, Inc. (NASDAQ:AEYE) Short Interest Up 12.5% in June

AudioEye, Inc. (NASDAQ:AEYE) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 607,100 shares, a growth of 12.5% from the May 31st total of 539,500 shares. Approximately 10.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 251,400 shares, the short-interest ratio is presently 2.4 days.

Wall Street Analysts Forecast Growth

AEYE has been the subject of a number of research reports. Roth Capital upgraded shares of AudioEye to a “strong-buy” rating in a report on Friday, June 21st. Craig Hallum raised their target price on shares of AudioEye from $10.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. HC Wainwright raised their target price on shares of AudioEye from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. B. Riley upped their price target on shares of AudioEye from $14.00 to $18.50 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Roth Mkm assumed coverage on shares of AudioEye in a research report on Friday, June 21st. They issued a “buy” rating and a $25.00 price target for the company. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $21.63.

AudioEye Stock Up 2.5 %

AEYE stock opened at $17.61 on Monday. AudioEye has a 12-month low of $3.75 and a 12-month high of $26.16. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The company has a market cap of $204.98 million, a price-to-earnings ratio of -45.15 and a beta of 1.18. The company has a 50 day moving average of $19.60 and a two-hundred day moving average of $11.52.

AudioEye (NASDAQ:AEYE) last released its earnings results on Tuesday, April 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. AudioEye had a negative net margin of 14.83% and a negative return on equity of 13.59%. The company had revenue of $8.08 million during the quarter, compared to the consensus estimate of $8.04 million. On average, equities analysts anticipate that AudioEye will post 0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. raised its holdings in shares of AudioEye by 4.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 12,975 shares of the company’s stock valued at $130,000 after purchasing an additional 500 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of AudioEye during the 1st quarter valued at $137,000. Acadian Asset Management LLC bought a new position in shares of AudioEye during the 1st quarter valued at $116,000. Finally, Vanguard Group Inc. grew its stake in AudioEye by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 309,190 shares of the company’s stock valued at $3,095,000 after buying an additional 6,929 shares during the last quarter. Institutional investors own 51.11% of the company’s stock.

About AudioEye

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.