SoundHound AI, Inc. (NASDAQ:SOUNW) Short Interest Update

SoundHound AI, Inc. (NASDAQ:SOUNW) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 888 shares, a growth of 2,014.3% from the August 15th total of 42 shares. Based on an average trading volume of 27,737 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On SoundHound AI

A hedge fund recently raised its position in SoundHound AI stock. Aristeia Capital L.L.C. boosted its holdings in shares of SoundHound AI, Inc. (NASDAQ:SOUNW) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 246,720 shares of the company’s stock after purchasing an additional 9,231 shares during the quarter. Aristeia Capital L.L.C.’s holdings in SoundHound AI were worth $843,000 at the end of the most recent quarter.

SoundHound AI Price Performance

Shares of NASDAQ:SOUNW traded down $0.03 on Thursday, reaching $1.11. The company had a trading volume of 10,658 shares, compared to its average volume of 28,057. The stock has a 50-day moving average price of $1.55 and a 200 day moving average price of $2.14. SoundHound AI has a twelve month low of $0.95 and a twelve month high of $10.85.

SoundHound AI Company Profile

SoundHound AI, Inc is a technology company specializing in voice-enabled artificial intelligence and conversational intelligence platforms. The company develops core speech recognition, natural language understanding and sound recognition software that enables seamless voice interaction across a variety of devices. Through its proprietary Speech-to-Meaning™ and DeepMeaning™ technologies, SoundHound AI aims to deliver fast and accurate voice interfaces that can comprehend complex queries in real time.

At the heart of the company’s offerings is the Houndify® voice AI platform, which provides developers and enterprises with tools to build custom voice assistants and conversational experiences.