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

WiSA Technologies, Inc. (NASDAQ:WISA) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 632,000 shares, a decline of 49.4% from the December 31st total of 1,250,000 shares. Based on an average trading volume of 1,010,000 shares, the short-interest ratio is presently 0.6 days.

WiSA Technologies Trading Up 6.3 %

NASDAQ WISA opened at $1.35 on Friday. WiSA Technologies has a fifty-two week low of $1.15 and a fifty-two week high of $15.11. The stock has a 50-day simple moving average of $1.72 and a two-hundred day simple moving average of $1.84.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in WiSA Technologies stock. State Street Corp acquired a new position in shares of WiSA Technologies, Inc. (NASDAQ:WISA) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 19,502 shares of the company’s stock, valued at approximately $35,000. State Street Corp owned 0.35% of WiSA Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.66% of the company’s stock.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets cut their price objective on shares of WiSA Technologies from $14.00 to $11.00 and set a “buy” rating on the stock in a research note 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.