Sound Group, Inc. (NASDAQ:SOGP) Sees Large Decline in Short Interest

Sound Group, Inc. (NASDAQ:SOGP) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 102,556 shares, a decrease of 54.8% from the December 15th total of 227,076 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average trading volume of 38,644 shares, the short-interest ratio is currently 2.7 days. Based on an average trading volume of 38,644 shares, the short-interest ratio is currently 2.7 days. Currently, 2.8% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SOGP. Weiss Ratings reissued a “sell (d-)” rating on shares of Sound Group in a research report 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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Sound Group Trading Down 3.7%

NASDAQ SOGP opened at $14.68 on Thursday. Sound Group has a 12 month low of $1.18 and a 12 month high of $37.00. The stock has a market cap of $72.52 million, a price-to-earnings ratio of 163.11 and a beta of 2.88. The company’s 50 day moving average is $12.50 and its two-hundred day moving average is $12.46.

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.