Short Interest in SoundHound AI, Inc. (NASDAQ:SOUNW) Rises By 26.4%

SoundHound AI, Inc. (NASDAQ:SOUNW) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 56,986 shares, an increase of 26.4% from the March 15th total of 45,091 shares. Based on an average daily trading volume, of 22,784 shares, the short-interest ratio is presently 2.5 days.

SoundHound AI Stock Up 0.0%

Shares of SoundHound AI stock opened at $2.77 on Thursday. The business has a fifty day simple moving average of $2.56 and a 200-day simple moving average of $4.51. SoundHound AI has a 12 month low of $1.60 and a 12 month high of $10.85.

Institutional Trading of SoundHound AI

A hedge fund recently raised its stake in SoundHound AI stock. Wolverine Asset Management LLC lifted its holdings in SoundHound AI, Inc. (NASDAQ:SOUNW) by 30.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,399 shares of the company’s stock after purchasing an additional 4,034 shares during the period. Wolverine Asset Management LLC’s holdings in SoundHound AI were worth $125,000 at the end of the most recent reporting period.

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.