SoundHound AI, Inc. (NASDAQ:SOUNW – Get Free Report) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 42 shares, a decrease of 94.0% from the July 30th total of 703 shares. Based on an average daily volume of 39,475 shares, the days-to-cover ratio is currently 0.0 days.
SoundHound AI Trading Down 2.8%
Shares of SoundHound AI stock traded down $0.04 during trading on Tuesday, hitting $1.41. 18,439 shares of the company’s stock traded hands, compared to its average volume of 28,410. SoundHound AI has a 1 year low of $1.28 and a 1 year high of $10.85. The business has a 50-day simple moving average of $1.70 and a 200-day simple moving average of $2.27.
Institutional Trading of SoundHound AI
A hedge fund recently raised its position in SoundHound AI stock. Aristeia Capital L.L.C. increased its stake in shares of SoundHound AI, Inc. (NASDAQ:SOUNW – Free Report) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 246,720 shares of the company’s stock after purchasing an additional 9,231 shares during the period. Aristeia Capital L.L.C.’s holdings in SoundHound AI were worth $843,000 as of its most recent filing with the Securities & Exchange Commission.
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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