SoundHound AI, Inc. (NASDAQ:SOUNW – Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 703 shares, a decrease of 94.5% from the July 15th total of 12,756 shares. Based on an average daily trading volume, of 22,941 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Investors Weigh In On SoundHound AI
An institutional investor recently raised its position in SoundHound AI stock. Aristeia Capital L.L.C. raised its stake in shares of SoundHound AI, Inc. (NASDAQ:SOUNW – Free Report) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 246,720 shares of the company’s stock after buying an additional 9,231 shares during the period. Aristeia Capital L.L.C.’s holdings in SoundHound AI were worth $843,000 as of its most recent SEC filing.
SoundHound AI Stock Down 1.8%
SoundHound AI stock traded down $0.03 during mid-day trading on Thursday, hitting $1.60. 84,226 shares of the company’s stock traded hands, compared to its average volume of 28,329. The firm has a 50 day moving average price of $1.81 and a 200 day moving average price of $2.37. SoundHound AI has a one year low of $1.28 and a one year high of $10.85.
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.
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