Short Interest in AudioEye, Inc. (NASDAQ:AEYE) Expands By 6.6%

AudioEye, Inc. (NASDAQ:AEYEGet Free Report) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 50,100 shares, an increase of 6.6% from the February 29th total of 47,000 shares. Based on an average trading volume of 61,200 shares, the short-interest ratio is presently 0.8 days. Currently, 0.9% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AEYE. HC Wainwright upped their price target on shares of AudioEye from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. B. Riley upped their price target on shares of AudioEye from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th.

Read Our Latest Analysis on AudioEye

AudioEye Stock Down 3.8 %

Shares of NASDAQ AEYE opened at $9.63 on Tuesday. AudioEye has a 12-month low of $3.75 and a 12-month high of $11.35. The stock has a market cap of $112.62 million, a PE ratio of -19.65 and a beta of 1.31. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.00. The company has a 50-day moving average of $7.15 and a 200 day moving average of $5.54.

AudioEye (NASDAQ:AEYEGet Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. AudioEye had a negative net margin of 18.75% and a negative return on equity of 27.55%. The company had revenue of $7.87 million during the quarter, compared to analysts’ expectations of $7.91 million. As a group, sell-side analysts predict that AudioEye will post 0.01 EPS for the current fiscal year.

Institutional Trading of AudioEye

Several large investors have recently bought and sold shares of the business. Bank of America Corp DE grew its stake in shares of AudioEye by 4,864.2% in the 1st quarter. Bank of America Corp DE now owns 8,042 shares of the company’s stock valued at $57,000 after buying an additional 7,880 shares during the period. Millennium Management LLC purchased a new stake in shares of AudioEye in the 4th quarter valued at approximately $58,000. Renaissance Technologies LLC purchased a new stake in shares of AudioEye in the 2nd quarter valued at approximately $59,000. Potomac Capital Management Inc. purchased a new stake in shares of AudioEye in the 3rd quarter valued at approximately $100,000. Finally, BlackRock Inc. grew its stake in shares of AudioEye by 6.9% in the 2nd quarter. BlackRock Inc. now owns 30,344 shares of the company’s stock valued at $148,000 after buying an additional 1,965 shares during the period. Hedge funds and other institutional investors own 51.11% of the company’s stock.

AudioEye Company Profile

(Get Free Report)

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their 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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