AudioEye, Inc. (NASDAQ:AEYE – Get Rating) was the target of a significant decline in short interest in August. As of August 15th, there was short interest totalling 114,600 shares, a decline of 15.7% from the July 31st total of 136,000 shares. Currently, 2.0% of the company's shares are sold short. Based on an average daily trading volume, of 58,500 shares, the days-to-cover ratio is currently 2.0 days.
Institutional Trading of AudioEye
A number of institutional investors have recently bought and sold shares of AEYE. Anchor Capital Advisors LLC lifted its holdings in AudioEye by 173.9% during the 1st quarter. Anchor Capital Advisors LLC now owns 61,747 shares of the company's stock worth $420,000 after buying an additional 39,200 shares during the last quarter. Prelude Capital Management LLC purchased a new stake in AudioEye during the 2nd quarter worth about $1,256,000. Greenhaven Road Investment Management L.P. lifted its holdings in AudioEye by 0.7% during the 1st quarter. Greenhaven Road Investment Management L.P. now owns 568,171 shares of the company's stock worth $3,869,000 after buying an additional 3,700 shares during the last quarter. Finally, Cannell Capital LLC lifted its holdings in AudioEye by 17.2% during the 1st quarter. Cannell Capital LLC now owns 697,787 shares of the company's stock worth $4,752,000 after buying an additional 102,173 shares during the last quarter. 17.48% of the stock is owned by hedge funds and other institutional investors.
Get AudioEye alerts:AudioEye Price Performance
AEYE opened at $6.36 on Wednesday. AudioEye has a 12 month low of $3.10 and a 12 month high of $13.48. The stock has a market capitalization of $72.81 million, a price-to-earnings ratio of -4.54 and a beta of 1.40. The business has a fifty day moving average price of $6.20 and a 200 day moving average price of $5.52.
AudioEye (NASDAQ:AEYE – Get Rating) last released its earnings results on Tuesday, August 9th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.10. The firm had revenue of $7.57 million during the quarter, compared to analysts' expectations of $7.51 million. AudioEye had a negative return on equity of 95.94% and a negative net margin of 58.44%. During the same period in the previous year, the firm posted ($0.17) EPS. On average, research analysts anticipate that AudioEye will post -1.02 earnings per share for the current year.Analysts Set New Price Targets
AEYE has been the subject of a number of research reports. HC Wainwright lifted their price objective on AudioEye from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, August 10th. B. Riley lowered their target price on AudioEye from $10.50 to $9.00 in a research note on Friday, May 6th.
About AudioEye
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AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet, print, broadcast, and other media to people regardless of their network connection, 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.
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