WiSA Technologies, Inc. (NASDAQ:WISA) Short Interest Up 93.4% in January

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

WiSA Technologies Stock Up 3.6 %

Shares of WISA opened at $1.42 on Wednesday. WiSA Technologies has a 52-week low of $1.15 and a 52-week high of $15.60. The business’s 50 day moving average is $1.75 and its two-hundred day moving average is $1.85.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WiSA Technologies stock. State Street Corp purchased a new position in WiSA Technologies, Inc. (NASDAQ:WISA) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 19,502 shares of the company’s stock, valued at approximately $35,000. State Street Corp owned approximately 0.35% of WiSA Technologies as of its most recent filing with the Securities & Exchange Commission. 0.66% of the stock is owned by institutional investors.

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.