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

Sound Group Inc. (NASDAQ:SOGP) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 9,800 shares, a decline of 43.7% from the February 13th total of 17,400 shares. Based on an average trading volume of 72,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Sound Group Trading Up 2.7 %

Shares of SOGP traded up $0.06 during mid-day trading on Friday, reaching $2.29. The stock had a trading volume of 19,616 shares, compared to its average volume of 80,076. Sound Group has a 52-week low of $1.49 and a 52-week high of $3.96. The business’s fifty day moving average is $2.10 and its 200 day moving average is $1.96.

Sound Group Company Profile

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.