Short Interest in Sound Group, Inc. (NASDAQ:SOGP) Increases By 136.9%

Sound Group, Inc. (NASDAQ:SOGP) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 136,011 shares, an increase of 136.9% from the June 15th total of 57,422 shares. Based on an average trading volume of 19,726 shares, the short-interest ratio is presently 6.9 days. Approximately 4.0% of the shares of the company are short sold.

Sound Group Stock Up 0.1%

Shares of NASDAQ SOGP traded up $0.01 during mid-day trading on Thursday, hitting $10.37. 8,571 shares of the company traded hands, compared to its average volume of 16,402. Sound Group has a 1 year low of $3.20 and a 1 year high of $37.00. The stock has a market capitalization of $46.77 million, a price-to-earnings ratio of -8.57 and a beta of 2.42. The business has a 50 day moving average of $12.29 and a two-hundred day moving average of $13.62.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SOGP shares. Wall Street Zen lowered shares of Sound Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Weiss Ratings upgraded shares of Sound Group from a “sell (d-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sound Group presently has a consensus rating of “Hold”.

About Sound Group

Sound Group Inc is a global, AI-powered audio company on a mission to help people connect better and live happier. Leveraging its voice AI technologies and deep expertise in audio interaction, Sound Group is building a diverse ecosystem of intelligent audio products that cater to a global user base. By integrating technology, innovative products, and real-world data within a user-centric ecosystem, the Company generates a powerful growth flywheel that drives continuous innovation and accelerates global expansion.