SoundHound AI, Inc. (NASDAQ:SOUNW) Sees Significant Decrease in Short Interest

SoundHound AI, Inc. (NASDAQ:SOUNW) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 42 shares, a decrease of 99.2% from the September 15th total of 5,124 shares. Based on an average daily trading volume, of 40,981 shares, the days-to-cover ratio is currently 0.0 days.

SoundHound AI Stock Down 38.6%

Shares of SoundHound AI stock opened at $0.33 on Friday. The company has a fifty day moving average of $1.11 and a 200-day moving average of $1.83. SoundHound AI has a 52-week low of $0.30 and a 52-week high of $10.85.

Institutional Investors Weigh In On SoundHound AI

An institutional investor recently bought a new stake in SoundHound AI stock. Headlands Technologies LLC purchased a new position in SoundHound AI, Inc. (NASDAQ:SOUNW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 397,524 shares of the company’s stock, valued at approximately $763,000.

SoundHound AI Company Profile

SoundHound AI, Inc develops voice artificial intelligence and conversational intelligence technologies. Its platform is designed to let people interact with devices, applications and services using natural language, supporting voice-enabled search, question answering and task completion.

The company’s primary offering, the Houndify platform, provides tools and infrastructure for businesses to create branded voice assistants. SoundHound serves industries including automotive, restaurants, consumer electronics and enterprise software, with applications such as in-vehicle assistants, voice ordering, customer service and business information retrieval.

SoundHound was founded in 2005 by Keyvan Mohajer, who serves as its chief executive officer.