SoundHound AI, Inc. (NASDAQ:SOUNW) Sees Large Increase in Short Interest

SoundHound AI, Inc. (NASDAQ:SOUNW) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 5,124 shares, a growth of 477.0% from the August 31st total of 888 shares. Based on an average daily volume of 25,598 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On SoundHound AI

A hedge fund recently raised its position in SoundHound AI stock. Aristeia Capital L.L.C. grew its position in SoundHound AI, Inc. (NASDAQ:SOUNW) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 as of its most recent filing with the Securities and Exchange Commission (SEC).

SoundHound AI Price Performance

SOUNW opened at $0.61 on Friday. The company’s 50 day moving average is $1.33 and its 200 day moving average is $1.97. SoundHound AI has a 12-month low of $0.54 and a 12-month high of $10.85.

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.