PodcastOne, Inc. (NASDAQ:PODC) Short Interest Up 30.4% in March

Key Points

• Short interest spiked 30.4% in March to 120,926 shares (about 2.1% of shares sold short), leaving a short‑interest ratio of roughly 2.7 days based on average daily volume.
• Institutional activity remains limited: Citadel Advisors boosted its stake by 267.5% to 41,958 shares while Creative Planning and NewEdge opened small positions, yet total institutional ownership is only about 2.87%.
• Mixed fundamentals and negative analyst outlook: shares trade near $2.18 with a $59.9M market cap; last quarter revenue beat estimates ($15.86M vs. $15.03M) and EPS was slightly less negative than expected, but the consensus rating is "Reduce" and Weiss Ratings calls a "sell (d-)."

PodcastOne, Inc. (NASDAQ:PODC - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 120,926 shares, a growth of 30.4% from the March 15th total of 92,752 shares. Approximately 2.1% of the company's shares are sold short. Based on an average daily volume of 44,968 shares, the short-interest ratio is currently 2.7 days.

Hedge Funds Weigh In On PodcastOne

Several hedge funds and other institutional investors have recently modified their holdings of PODC. Creative Planning purchased a new stake in shares of PodcastOne during the second quarter worth about $49,000. Citadel Advisors LLC increased its holdings in PodcastOne by 267.5% during the 3rd quarter. Citadel Advisors LLC now owns 41,958 shares of the company's stock valued at $70,000 after purchasing an additional 30,541 shares during the period. Finally, NewEdge Advisors LLC bought a new position in PodcastOne during the 4th quarter valued at approximately $81,000. 2.87% of the stock is owned by institutional investors.

PodcastOne Stock Performance

Shares of PODC remained flat at $2.18 during trading hours on Wednesday. The stock had a trading volume of 31,557 shares, compared to its average volume of 118,504. The firm has a market cap of $59.93 million, a price-to-earnings ratio of -14.53 and a beta of 0.48. The company's 50-day moving average is $2.43 and its 200 day moving average is $2.30. PodcastOne has a 1 year low of $1.30 and a 1 year high of $3.35.

PodcastOne (NASDAQ:PODC - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. PodcastOne had a negative return on equity of 24.78% and a negative net margin of 6.22%.The firm had revenue of $15.86 million for the quarter, compared to the consensus estimate of $15.03 million. On average, equities research analysts forecast that PodcastOne will post -0.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of PodcastOne in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PodcastOne currently has an average rating of "Reduce".

PodcastOne Company Profile

PodcastOne is a leading digital audio network specializing in the development, production and distribution of original podcast programming. The company offers a diverse slate of exclusive shows spanning genres such as entertainment, sports, business, politics and lifestyle. Its content lineup features long-form interviews, narrative series and personality-driven talk formats designed to engage listeners across North America and beyond.

The company's revenue model centers on advertising and branded content solutions.

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