Short Interest in WiSA Technologies, Inc. (NASDAQ:WISA) Increases By 93.4%

WiSA Technologies, Inc. (NASDAQ:WISA) was the recipient of a significant increase in short interest during the month of 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 trading volume of 987,000 shares, the short-interest ratio is presently 1.3 days. Approximately 19.6% of the company’s shares are sold short.

WiSA Technologies Price Performance

WISA stock opened at $1.27 on Friday. WiSA Technologies has a 1 year low of $1.15 and a 1 year high of $15.11. The firm has a 50-day moving average of $1.73 and a 200 day moving average of $1.85.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets lowered their price objective 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 Trading of WiSA Technologies

An institutional investor recently bought a new position in WiSA Technologies stock. State Street Corp acquired a new position in WiSA Technologies, Inc. (NASDAQ:WISA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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. Institutional investors and hedge funds own 0.66% of the company’s stock.

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.