Short Interest in Sound Group, Inc. (NASDAQ:SOGP) Increases By 19.7%

Sound Group, Inc. (NASDAQ:SOGP) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 122,738 shares, a growth of 19.7% from the December 31st total of 102,556 shares. Based on an average daily volume of 271,053 shares, the days-to-cover ratio is currently 0.5 days. Approximately 3.3% of the company’s shares are sold short. Approximately 3.3% of the company’s shares are sold short. Based on an average daily volume of 271,053 shares, the days-to-cover ratio is currently 0.5 days.

Sound Group Price Performance

Shares of SOGP stock opened at $13.81 on Thursday. Sound Group has a 1-year low of $1.18 and a 1-year high of $37.00. The firm has a market cap of $68.17 million, a PE ratio of 153.44 and a beta of 2.86. The company has a 50-day moving average of $13.17 and a two-hundred day moving average of $13.30.

Analysts Set New Price Targets

A number of brokerages have commented on SOGP. Wall Street Zen downgraded shares of Sound Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Sound Group in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sound Group has a consensus rating of “Sell”.

About Sound Group

Sound Group Inc is a global, AI-powered audio company on a mission to help people connect better and live happier. Leveraging its voice AI technologies and deep expertise in audio interaction, Sound Group is building a diverse ecosystem of intelligent audio products that cater to a global user base. By integrating technology, innovative products, and real-world data within a user-centric ecosystem, the Company generates a powerful growth flywheel that drives continuous innovation and accelerates global expansion.