SoundHound AI, Inc. (NASDAQ:SOUNW) Short Interest Down 94.0% in August

SoundHound AI, Inc. (NASDAQ:SOUNW) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 42 shares, a decline of 94.0% from the July 30th total of 703 shares. Based on an average daily trading volume, of 39,475 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of SoundHound AI

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

SoundHound AI Stock Performance

NASDAQ SOUNW traded down $0.06 during trading hours on Thursday, reaching $1.39. 26,620 shares of the company were exchanged, compared to its average volume of 28,480. SoundHound AI has a 1 year low of $1.25 and a 1 year high of $10.85. The business’s 50 day simple moving average is $1.68 and its 200-day simple moving average is $2.26.

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.