SoundHound AI, Inc. (NASDAQ:SOUNW) Shares Shorted: Short Interest Up 22,190.5% in October

SoundHound AI, Inc. (NASDAQ:SOUNW) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 9,362 shares, a growth of 22,190.5% from the September 30th total of 42 shares. Based on an average trading volume of 39,037 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SoundHound AI stock. Headlands Technologies LLC acquired a new position in shares of SoundHound AI, Inc. (NASDAQ:SOUNW) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 397,524 shares of the company’s stock, valued at approximately $763,000.

SoundHound AI Trading Down 3.6%

Shares of SoundHound AI stock traded down $0.01 during trading hours on Monday, reaching $0.36. 27,490 shares of the company’s stock were exchanged, compared to its average volume of 29,306. SoundHound AI has a 52-week low of $0.30 and a 52-week high of $8.90. The company has a fifty day moving average of $0.86 and a 200-day moving average of $1.70.

SoundHound AI Company Profile

SoundHound AI, Inc develops voice and conversational artificial intelligence technologies. Its platform is designed to allow people to interact with products, services and devices using natural language, supporting applications such as voice search, question answering and automated customer service.

The company’s principal offerings include the Houndify conversational AI platform, which businesses can integrate into vehicles, consumer electronics, mobile applications and other products, as well as AI-powered solutions for customer engagement.