SoundHound AI, Inc. (NASDAQ:SOUNW) Short Interest Up 80.8% in June

SoundHound AI, Inc. (NASDAQ:SOUNW) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 20,093 shares, a growth of 80.8% from the May 31st total of 11,111 shares. Based on an average daily trading volume, of 26,192 shares, the short-interest ratio is presently 0.8 days.

SoundHound AI Stock Up 2.1%

Shares of SOUNW opened at $1.86 on Friday. SoundHound AI has a 52-week low of $1.60 and a 52-week high of $10.85. The stock has a fifty day simple moving average of $2.38 and a two-hundred day simple moving average of $2.87.

Institutional Investors Weigh In On SoundHound AI

An institutional investor recently raised its stake in SoundHound AI stock. Aristeia Capital L.L.C. increased its holdings in shares of SoundHound AI, Inc. (NASDAQ:SOUNW) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 246,720 shares of the company’s stock after purchasing an additional 9,231 shares during the quarter. Aristeia Capital L.L.C.’s holdings in SoundHound AI were worth $843,000 at the end of the most recent reporting period.

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.