SoundHound AI, Inc. (NASDAQ:SOUNW – Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 703 shares, a decline of 94.5% from the July 15th total of 12,756 shares. Based on an average daily trading volume, of 22,941 shares, the short-interest ratio is currently 0.0 days.
Institutional Investors Weigh In On SoundHound AI
A hedge fund recently raised its stake in SoundHound AI stock. Aristeia Capital L.L.C. lifted its stake in SoundHound AI, Inc. (NASDAQ:SOUNW – Free Report) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 246,720 shares of the company’s stock after purchasing an additional 9,231 shares during the quarter. Aristeia Capital L.L.C.’s holdings in SoundHound AI were worth $843,000 at the end of the most recent reporting period.
SoundHound AI Stock Down 2.9%
Shares of NASDAQ:SOUNW traded down $0.05 during trading on Tuesday, reaching $1.69. The company’s stock had a trading volume of 13,988 shares, compared to its average volume of 27,882. SoundHound AI has a 12 month low of $1.28 and a 12 month high of $10.85. The firm’s 50 day simple moving average is $1.83 and its two-hundred day simple moving average is $2.39.
About SoundHound AI
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.
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