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

WiSA Technologies, Inc. (NASDAQ:WISA) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 728,200 shares, an increase of 34.6% from the November 15th total of 540,900 shares. Currently, 13.0% of the company’s shares are short sold. Based on an average daily trading volume, of 558,200 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in WiSA Technologies stock. State Street Corp purchased a new position in WiSA Technologies, Inc. (NASDAQ:WISA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,502 shares of the company’s stock, valued at approximately $35,000. State Street Corp owned 0.35% of WiSA Technologies as of its most recent SEC filing. 0.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

WiSA Technologies Stock Down 1.2 %

Shares of WISA opened at $1.59 on Friday. WiSA Technologies has a 1-year low of $1.15 and a 1-year high of $21.00. The firm’s 50-day moving average price is $1.76 and its 200-day moving average price is $2.01.

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.