SoundHound AI, Inc. (NASDAQ:SOUNW – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 9,362 shares, a growth of 22,190.5% from the September 30th total of 42 shares. Based on an average trading volume of 39,037 shares, the days-to-cover ratio is currently 0.2 days.
SoundHound AI Stock Performance
Shares of NASDAQ:SOUNW traded down $0.01 during mid-day trading on Monday, hitting $0.36. 27,490 shares of the company traded hands, compared to its average volume of 29,306. The firm’s 50 day simple moving average is $0.86 and its 200 day simple moving average is $1.70. SoundHound AI has a 52-week low of $0.30 and a 52-week high of $8.90.
Institutional Inflows and Outflows
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 – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 397,524 shares of the company’s stock, valued at approximately $763,000.
SoundHound AI Company Profile
SoundHound AI, Inc develops voice and conversational artificial intelligence technologies. Its platform is designed to allow people to interact with products, services and devices using natural language, supporting applications such as voice search, question answering and automated customer service.
The company’s principal offerings include the Houndify conversational AI platform, which businesses can integrate into vehicles, consumer electronics, mobile applications and other products, as well as AI-powered solutions for customer engagement.
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