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

SoundHound AI, Inc. (NASDAQ:SOUNW) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 42 shares, a drop of 94.0% from the July 30th total of 703 shares. Based on an average daily trading volume, of 39,475 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On SoundHound AI

A hedge fund recently raised its stake in SoundHound AI stock. Aristeia Capital L.L.C. lifted its position in SoundHound AI, Inc. (NASDAQ:SOUNW) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 246,720 shares of the company’s stock after buying an additional 9,231 shares during the period. Aristeia Capital L.L.C.’s holdings in SoundHound AI were worth $843,000 as of its most recent SEC filing.

SoundHound AI Trading Down 2.8%

SoundHound AI stock traded down $0.04 during mid-day trading on Tuesday, hitting $1.41. The company had a trading volume of 18,439 shares, compared to its average volume of 28,410. The stock’s 50 day moving average price is $1.70 and its two-hundred day moving average price is $2.27. SoundHound AI has a 12 month low of $1.28 and a 12 month high of $10.85.

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.