Sound Group Inc. (NASDAQ:SOGP) Short Interest Update

Sound Group Inc. (NASDAQ:SOGP) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 3,700 shares, a decrease of 72.2% from the November 30th total of 13,300 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 27,400 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Sound Group

An institutional investor recently bought a new position in Sound Group stock. Acadian Asset Management LLC purchased a new stake in Sound Group Inc. (NASDAQ:SOGP) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 35,752 shares of the company’s stock, valued at approximately $74,000. Acadian Asset Management LLC owned about 0.69% of Sound Group as of its most recent SEC filing. Hedge funds and other institutional investors own 1.62% of the company’s stock.

Sound Group Stock Performance

Shares of NASDAQ SOGP traded down $0.20 during mid-day trading on Friday, hitting $2.03. 11,404 shares of the stock were exchanged, compared to its average volume of 219,834. Sound Group has a twelve month low of $1.49 and a twelve month high of $6.70. The stock’s fifty day simple moving average is $1.85 and its two-hundred day simple moving average is $1.96. The company has a market cap of $10.00 million, a P/E ratio of 2.05 and a beta of 1.68.

Sound Group Company Profile

Sound Group Inc operates as an audio-centric social and entertainment company. It focuses on building audio platform to connect and communicate. The company, through its product portfolio and in-house technologies, caters to user interest in audio entertainment and social networking. The company was formerly known as LIZHI INC.