SoundHound AI, Inc. (NASDAQ:SOUNW – Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 11,111 shares, a decrease of 60.8% from the May 14th total of 28,327 shares. Based on an average daily trading volume, of 24,911 shares, the short-interest ratio is currently 0.4 days.
Institutional Investors Weigh In On SoundHound AI
A hedge fund recently raised its stake in SoundHound AI stock. Aristeia Capital L.L.C. boosted its stake in shares of SoundHound AI, Inc. (NASDAQ:SOUNW – Free Report) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 246,720 shares of the company’s stock after purchasing an additional 9,231 shares during the quarter. Aristeia Capital L.L.C.’s holdings in SoundHound AI were worth $843,000 at the end of the most recent quarter.
SoundHound AI Trading Up 1.2%
NASDAQ:SOUNW traded up $0.02 during mid-day trading on Friday, reaching $2.05. The stock had a trading volume of 5,304 shares, compared to its average volume of 30,719. The business’s 50 day moving average is $2.53 and its 200 day moving average is $3.21. SoundHound AI has a fifty-two week low of $1.60 and a fifty-two week 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.
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