Short Interest in SoundHound AI, Inc. (NASDAQ:SOUNW) Rises By 26.4%

SoundHound AI, Inc. (NASDAQ:SOUNW) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 56,986 shares, a growth of 26.4% from the March 15th total of 45,091 shares. Based on an average daily trading volume, of 22,784 shares, the short-interest ratio is presently 2.5 days.

SoundHound AI Stock Performance

Shares of SOUNW stock traded up $0.09 on Friday, reaching $2.84. The stock had a trading volume of 33,349 shares, compared to its average volume of 30,358. SoundHound AI has a 1 year low of $1.60 and a 1 year high of $10.85. The company has a 50 day simple moving average of $2.57 and a 200 day simple moving average of $4.50.

Hedge Funds Weigh In On SoundHound AI

A hedge fund recently raised its stake in SoundHound AI stock. Aristeia Capital L.L.C. raised its holdings in shares of SoundHound AI, Inc. (NASDAQ:SOUNW) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 246,720 shares of the company’s stock after acquiring an additional 9,231 shares during the quarter. Aristeia Capital L.L.C.’s holdings in SoundHound AI were worth $843,000 as of its most recent SEC filing.

About SoundHound AI

SoundHound AI, Inc is a technology company specializing in voice-enabled artificial intelligence and conversational intelligence platforms. The company develops core speech recognition, natural language understanding and sound recognition software that enables seamless voice interaction across a variety of devices. Through its proprietary Speech-to-Meaning™ and DeepMeaning™ technologies, SoundHound AI aims to deliver fast and accurate voice interfaces that can comprehend complex queries in real time.

At the heart of the company’s offerings is the Houndify® voice AI platform, which provides developers and enterprises with tools to build custom voice assistants and conversational experiences.