SoundHound AI, Inc. (NASDAQ:SOUNW) Sees Large Growth in Short Interest

SoundHound AI, Inc. (NASDAQ:SOUNW) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 888 shares, an increase of 2,014.3% from the August 15th total of 42 shares. Based on an average daily volume of 27,737 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On SoundHound AI

A hedge fund recently bought a new stake in SoundHound AI stock. Headlands Technologies LLC acquired a new position in shares of SoundHound AI, Inc. (NASDAQ:SOUNW) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 397,524 shares of the company’s stock, valued at approximately $763,000.

SoundHound AI Stock Down 2.6%

SOUNW stock traded down $0.03 on Thursday, hitting $1.11. 10,658 shares of the company’s stock traded hands, compared to its average volume of 28,057. SoundHound AI has a 1-year low of $0.95 and a 1-year high of $10.85. The stock has a fifty day moving average of $1.55 and a 200-day moving average of $2.14.

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.