SoundHound AI, Inc. (NASDAQ:SOUNW) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

SoundHound AI, Inc. (NASDAQ:SOUNW – Get Free Report) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 4,900 shares, a decrease of 71.5% from the March 31st total of 17,200 shares. Based on an average daily volume of 82,500 shares, the days-to-cover ratio is presently 0.1 days.

SoundHound AI Trading Down 0.8 %

SoundHound AI stock traded down $0.04 during trading hours on Monday, hitting $4.30. The stock had a trading volume of 24,746 shares, compared to its average volume of 104,293. The company has a 50-day moving average of $3.87 and a two-hundred day moving average of $5.46. SoundHound AI has a fifty-two week low of $1.25 and a fifty-two week high of $21.50.

Institutional Investors Weigh In On SoundHound AI

An institutional investor recently raised its position in SoundHound AI stock. Jane Street Group LLC lifted its position in shares of SoundHound AI, Inc. (NASDAQ:SOUNW – Free Report) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,155 shares of the company’s stock after purchasing an additional 9,174 shares during the quarter. Jane Street Group LLC’s holdings in SoundHound AI were worth $915,000 at the end of the most recent reporting period.

About SoundHound AI

(Get Free Report)

SoundHound AI, Inc develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.

Featured Articles