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

SoundHound AI, Inc. (NASDAQ:SOUNW) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 703 shares, a decline of 94.5% from the July 15th total of 12,756 shares. Based on an average daily trading volume, of 22,941 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of SoundHound AI

A hedge fund recently raised its stake in SoundHound AI stock. Aristeia Capital L.L.C. grew its stake in shares of SoundHound AI, Inc. (NASDAQ:SOUNW) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and 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 Trading Down 2.9%

Shares of SOUNW traded down $0.05 during midday trading on Tuesday, hitting $1.69. The stock had a trading volume of 13,988 shares, compared to its average volume of 27,882. SoundHound AI has a 1 year low of $1.28 and a 1 year high of $10.85. The stock’s 50 day moving average is $1.83 and its 200 day moving average is $2.39.

About SoundHound AI

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.