SoundHound AI, Inc. (NASDAQ:SOUNW – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 703 shares, a drop of 94.5% from the July 15th total of 12,756 shares. Based on an average daily trading volume, of 22,941 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Inflows and Outflows
A hedge fund recently raised its position in SoundHound AI stock. Aristeia Capital L.L.C. lifted its holdings in shares of SoundHound AI, Inc. (NASDAQ:SOUNW – Free Report) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,720 shares of the company’s stock after buying an additional 9,231 shares during the period. Aristeia Capital L.L.C.’s holdings in SoundHound AI were worth $843,000 at the end of the most recent reporting period.
SoundHound AI Stock Down 0.0%
NASDAQ:SOUNW traded down $0.00 during mid-day trading on Wednesday, reaching $1.69. 29,440 shares of the company’s stock traded hands, compared to its average volume of 27,890. SoundHound AI has a 12-month low of $1.28 and a 12-month high of $10.85. The company has a 50 day moving average price of $1.83 and a 200-day moving average price of $2.39.
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.
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