Sound Group Inc. (NASDAQ:SOGP) Short Interest Up 311.1% in September

Sound Group Inc. (NASDAQ:SOGP) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 37,000 shares, an increase of 311.1% from the September 15th total of 9,000 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 17,800 shares, the days-to-cover ratio is currently 2.1 days.

Sound Group Stock Up 6.1 %

Shares of SOGP stock traded up $0.12 on Friday, reaching $2.08. The company had a trading volume of 21,007 shares, compared to its average volume of 272,988. The business’s 50-day moving average is $1.88 and its 200 day moving average is $2.36. Sound Group has a one year low of $1.49 and a one year high of $6.70. The stock has a market capitalization of $10.77 million, a PE ratio of 1.98 and a beta of 1.69.

Hedge Funds Weigh In On Sound Group

An institutional investor recently bought a new position in Sound Group stock. Renaissance Technologies LLC bought a new position in Sound Group Inc. (NASDAQ:SOGP) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 15,158 shares of the company’s stock, valued at approximately $31,000. Renaissance Technologies LLC owned approximately 0.29% of Sound Group as of its most recent SEC filing. 1.62% of the stock is owned by hedge funds and other institutional investors.

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.