SoundHound AI, Inc. (NASDAQ:SOUNW) Sees Large Increase in Short Interest

SoundHound AI, Inc. (NASDAQ:SOUNW) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 5,124 shares, a growth of 477.0% from the August 31st total of 888 shares. Based on an average daily trading volume, of 25,598 shares, the short-interest ratio is presently 0.2 days.

SoundHound AI Trading Down 4.7%

Shares of SOUNW stock opened at $0.61 on Friday. The stock has a fifty day simple moving average of $1.33 and a two-hundred day simple moving average of $1.97. SoundHound AI has a 52-week low of $0.54 and a 52-week high of $10.85.

Institutional Trading of SoundHound AI

A hedge fund recently bought a new stake in SoundHound AI stock. Headlands Technologies LLC purchased a new position in SoundHound AI, Inc. (NASDAQ:SOUNW) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 397,524 shares of the company’s stock, valued at approximately $763,000.

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.