SoundHound AI, Inc. (NASDAQ:SOUNW) Sees Significant Growth in Short Interest

SoundHound AI, Inc. (NASDAQ:SOUNW) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 7,800 shares, a growth of 30.0% from the August 15th total of 6,000 shares. Based on an average trading volume of 88,300 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 88,300 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On SoundHound AI

A hedge fund recently raised its stake in SoundHound AI stock. Jane Street Group LLC boosted its stake in SoundHound AI, Inc. (NASDAQ:SOUNW) by 13.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,155 shares of the company’s stock after acquiring an additional 9,174 shares during the period. Jane Street Group LLC’s holdings in SoundHound AI were worth $915,000 as of its most recent SEC filing.

SoundHound AI Stock Performance

Shares of SOUNW stock opened at $6.90 on Wednesday. SoundHound AI has a 52-week low of $1.71 and a 52-week high of $21.50. The stock’s 50-day moving average price is $5.92 and its 200 day moving average price is $4.71.

About SoundHound AI

SoundHound AI, Inc develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.