SoundHound AI, Inc. (NASDAQ:SOUNW) Shares Shorted: Short Interest Down 99.2% in September

SoundHound AI, Inc. (NASDAQ:SOUNW) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 42 shares, a decline of 99.2% from the September 15th total of 5,124 shares. Based on an average trading volume of 40,981 shares, the short-interest ratio is currently 0.0 days.

SoundHound AI Stock Down 38.6%

NASDAQ:SOUNW traded down $0.21 during midday trading on Friday, hitting $0.33. The stock had a trading volume of 126,151 shares, compared to its average volume of 29,234. SoundHound AI has a one year low of $0.30 and a one year high of $10.85. The stock has a 50-day moving average of $1.13 and a 200 day moving average of $1.84.

Hedge Funds Weigh In On SoundHound AI

An institutional investor recently bought a new position in SoundHound AI stock. Headlands Technologies LLC acquired a new stake in SoundHound AI, Inc. (NASDAQ:SOUNW) in the 2nd quarter, according to its most recent 13F filing 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 Company Profile

SoundHound AI, Inc develops voice artificial intelligence and conversational intelligence technologies. Its platform is designed to let people interact with devices, applications and services using natural language, supporting voice-enabled search, question answering and task completion.

The company’s primary offering, the Houndify platform, provides tools and infrastructure for businesses to create branded voice assistants. SoundHound serves industries including automotive, restaurants, consumer electronics and enterprise software, with applications such as in-vehicle assistants, voice ordering, customer service and business information retrieval.

SoundHound was founded in 2005 by Keyvan Mohajer, who serves as its chief executive officer.