SoundHound AI, Inc. (NASDAQ:SOUNW – Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 17,200 shares, an increase of 44.5% from the March 15th total of 11,900 shares. Based on an average daily volume of 109,600 shares, the days-to-cover ratio is presently 0.2 days.
SoundHound AI Price Performance
Shares of NASDAQ SOUNW traded up $0.14 on Friday, reaching $3.04. 10,533 shares of the company’s stock traded hands, compared to its average volume of 113,844. The business’s 50 day simple moving average is $4.20 and its two-hundred day simple moving average is $5.34. SoundHound AI has a 12 month low of $1.21 and a 12 month high of $21.50.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in SoundHound AI stock. Jane Street Group LLC boosted its stake in SoundHound AI, Inc. (NASDAQ:SOUNW – Free Report) by 13.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,155 shares of the company’s stock after purchasing an additional 9,174 shares during the quarter. Jane Street Group LLC’s holdings in SoundHound AI were worth $915,000 as of its most recent SEC filing.
About SoundHound AI
SoundHound AI, Inc develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.
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