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

Sound Group Inc. (NASDAQ:SOGPGet Free Report) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 3,700 shares, a decline of 35.1% from the May 15th total of 5,700 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 26,800 shares, the days-to-cover ratio is currently 0.1 days.

Sound Group Trading Down 2.3 %

Shares of NASDAQ SOGP traded down $0.05 during midday trading on Friday, reaching $2.15. 5,728 shares of the company traded hands, compared to its average volume of 13,437. Sound Group has a 52 week low of $2.12 and a 52 week high of $12.20. The stock’s 50-day moving average is $2.73. The firm has a market capitalization of $11.14 million, a P/E ratio of 2.17 and a beta of 1.69.

About Sound Group

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Sound Group Inc operates as an audio-centric social and entertainment company. It focuses on building audio platform to connect and communicate. The company, through its product portfolio and in-house technologies, caters to user interest in audio entertainment and social networking. The company was formerly known as LIZHI INC.

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