SoundHound AI, Inc. (NASDAQ:SOUNW) Short Interest Update

SoundHound AI, Inc. (NASDAQ:SOUNW) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 4,796 shares, a decrease of 55.1% from the November 30th total of 10,690 shares. Based on an average daily trading volume, of 28,828 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 28,828 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of SoundHound AI

A hedge fund recently raised its stake in SoundHound AI stock. Wolverine Asset Management LLC lifted its position in SoundHound AI, Inc. (NASDAQ:SOUNW) by 30.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,399 shares of the company’s stock after acquiring an additional 4,034 shares during the period. Wolverine Asset Management LLC’s holdings in SoundHound AI were worth $125,000 as of its most recent SEC filing.

SoundHound AI Stock Performance

SOUNW stock opened at $3.97 on Friday. The firm’s 50-day moving average is $5.72 and its two-hundred day moving average is $5.96. SoundHound AI has a 52 week low of $2.27 and a 52 week high of $15.79.

SoundHound AI (NASDAQ:SOUNW) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $6.71 million for the quarter.

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.