SoundHound AI, Inc. (NASDAQ:SOUNW – Get Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 888 shares, a growth of 2,014.3% from the August 15th total of 42 shares. Based on an average daily trading volume, of 27,737 shares, the short-interest ratio is currently 0.0 days.
Institutional Trading of SoundHound AI
An institutional investor recently bought a new stake in SoundHound AI stock. Headlands Technologies LLC purchased a new position in shares of SoundHound AI, Inc. (NASDAQ:SOUNW – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 397,524 shares of the company’s stock, valued at approximately $763,000.
SoundHound AI Price Performance
Shares of NASDAQ SOUNW opened at $1.11 on Friday. The firm has a fifty day moving average of $1.53 and a 200 day moving average of $2.13. SoundHound AI has a one year low of $0.95 and a one year high of $10.85.
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.
Further Reading
- Five stocks we like better than SoundHound AI
- Microsoft’s Azure Reporting Shift Adds Clarity, But the Bull Case Came First
- Feed to Feat: Can Meta Unlock the AI Agent Cash Machine?
- Chime Finds Its Stride With a $590M Deal That Could Reshape Its Banking Model
- IBM and Lockheed Martin Turn a Swiss Defense Deal Into a Quantum Computing Bet
Receive News & Ratings for SoundHound AI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SoundHound AI and related companies with MarketBeat.com's FREE daily email newsletter.
