Short Interest in LIZHI INC. Sponsored ADR (NASDAQ:SOGP) Decreases By 57.4%

LIZHI INC. Sponsored ADR (NASDAQ:SOGP) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 165,400 shares, a decrease of 57.4% from the September 15th total of 388,600 shares. Approximately 5.0% of the shares of the company are sold short. Based on an average daily volume of 2,780,000 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 2,780,000 shares, the short-interest ratio is currently 0.1 days. Approximately 5.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

SOGP has been the subject of several analyst reports. Wall Street Zen upgraded LIZHI to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings restated a “sell (d-)” rating on shares of LIZHI in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

LIZHI Trading Down 4.2%

Shares of SOGP stock opened at $15.82 on Friday. LIZHI has a 52-week low of $1.18 and a 52-week high of $37.00. The stock has a fifty day simple moving average of $15.78 and a two-hundred day simple moving average of $7.45.

LIZHI Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $1.00 dividend. The ex-dividend date was Wednesday, October 1st.

Institutional Investors Weigh In On LIZHI

An institutional investor recently bought a new position in LIZHI stock. Argentarii LLC purchased a new position in LIZHI INC. Sponsored ADR (NASDAQ:SOGP) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $110,000. Argentarii LLC owned approximately 1.02% of LIZHI as of its most recent filing with the Securities and Exchange Commission. 1.62% of the stock is owned by institutional investors.

LIZHI Company Profile

Sound Group Inc operates as an audio-centric social and entertainment company. It focuses on building audio platform to connect and communicate. The company, through its product portfolio and in-house technologies, caters to user interest in audio entertainment and social networking. The company was formerly known as LIZHI INC.