SoundHound AI, Inc. (NASDAQ:SOUNW – Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 11,111 shares, a decrease of 60.8% from the May 14th total of 28,327 shares. Based on an average daily volume of 24,911 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake 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% in the fourth quarter, according to the company in its most recent disclosure with the SEC. 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 filing with the SEC.
SoundHound AI Stock Up 1.2%
SoundHound AI stock traded up $0.02 during trading hours on Friday, reaching $2.05. 5,304 shares of the company were exchanged, compared to its average volume of 30,719. SoundHound AI has a 12 month low of $1.60 and a 12 month high of $10.85. The stock has a 50-day moving average of $2.53 and a 200 day moving average of $3.21.
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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