Sound Group Inc. (NASDAQ:SOGP) Sees Significant Increase in Short Interest

Sound Group Inc. (NASDAQ:SOGP) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 16,800 shares, an increase of 354.1% from the December 15th total of 3,700 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 24,000 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Sound Group

An institutional investor recently bought a new position in Sound Group stock. Renaissance Technologies LLC acquired a new stake in Sound Group Inc. (NASDAQ:SOGP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,158 shares of the company’s stock, valued at approximately $31,000. Renaissance Technologies LLC owned about 0.29% of Sound Group as of its most recent SEC filing. 1.62% of the stock is owned by institutional investors.

Sound Group Stock Down 4.0 %

Shares of Sound Group stock traded down $0.07 during trading on Monday, reaching $1.69. The company’s stock had a trading volume of 31,992 shares, compared to its average volume of 23,342. Sound Group has a 1-year low of $1.49 and a 1-year high of $6.70. The company has a 50-day simple moving average of $1.87 and a two-hundred day simple moving average of $1.95. The company has a market cap of $8.32 million, a price-to-earnings ratio of 1.71 and a beta of 1.62.

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.