Short Interest in Sound Group, Inc. (NASDAQ:SOGP) Decreases By 54.8%
by Doug Wharley · The Cerbat GemSound Group, Inc. (NASDAQ:SOGP – Get Free Report) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 102,556 shares, a drop of 54.8% from the December 15th total of 227,076 shares. Approximately 2.8% of the shares of the stock are short sold. Based on an average trading volume of 38,644 shares, the days-to-cover ratio is presently 2.7 days. Based on an average trading volume of 38,644 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.8% of the shares of the stock are short sold.
Sound Group Price Performance
Shares of Sound Group stock traded down $1.61 during trading on Friday, hitting $13.49. 84,250 shares of the company’s stock traded hands, compared to its average volume of 156,711. Sound Group has a twelve month low of $1.18 and a twelve month high of $37.00. The firm’s fifty day moving average price is $12.54 and its 200 day moving average price is $12.48.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sound Group in a research note on Wednesday, October 8th. Wall Street Zen cut Sound Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.
Read Our Latest Stock Report on SOGP
Sound Group Company Profile
Sound Group Inc is a global, AI-powered audio company on a mission to help people connect better and live happier. Leveraging its voice AI technologies and deep expertise in audio interaction, Sound Group is building a diverse ecosystem of intelligent audio products that cater to a global user base. By integrating technology, innovative products, and real-world data within a user-centric ecosystem, the Company generates a powerful growth flywheel that drives continuous innovation and accelerates global expansion.