Short Interest in Sound Group, Inc. (NASDAQ:SOGP) Grows By 19.7%

Sound Group, Inc. (NASDAQ:SOGP) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 122,738 shares, an increase of 19.7% from the December 31st total of 102,556 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average trading volume of 271,053 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 271,053 shares, the short-interest ratio is presently 0.5 days. Approximately 3.3% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

SOGP has been the topic of a number of research analyst reports. Wall Street Zen downgraded Sound Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sound Group in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Sound Group Stock Performance

Shares of NASDAQ:SOGP traded down $0.12 during mid-day trading on Tuesday, hitting $13.55. 11,547 shares of the company traded hands, compared to its average volume of 148,358. The firm has a market cap of $66.94 million, a P/E ratio of 150.56 and a beta of 2.86. The firm’s 50 day simple moving average is $13.10 and its 200 day simple moving average is $13.24. Sound Group has a 52-week low of $1.18 and a 52-week high of $37.00.

About Sound Group

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.