Yesterday AuraSound, Inc. (OTC:ARUZ) rose a stupendous 502.41%. In addition, the company stock, which is traded sporadically in general, was an object of increased trading.
ARUZ closed the session at $1 up from the previous close at $0.166. The stock opened at $1.4 which also coincided with the intraday high. The amount of shares exchanged during the session was 70 thousand which is much more than the daily average.
FINRA doesn’t indicate any short volume for the day so apparently the buying pressure on the stock was produced by long investors.
Apparently the explosion of ARUZ share price and volume happened on itself as there has been no essential updates or reports from the company for the last two months.
