Sound Group, Inc. (NASDAQ:SOGP – Get Free Report) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 136,011 shares, an increase of 136.9% from the June 15th total of 57,422 shares. Approximately 4.0% of the company’s stock are sold short. Based on an average trading volume of 19,726 shares, the short-interest ratio is presently 6.9 days.
Sound Group Price Performance
Shares of NASDAQ:SOGP traded up $0.12 during trading on Tuesday, hitting $10.10. 662 shares of the company were exchanged, compared to its average volume of 57,184. The firm’s 50 day moving average price is $12.50 and its 200-day moving average price is $13.66. Sound Group has a 12-month low of $3.20 and a 12-month high of $37.00. The stock has a market capitalization of $45.55 million, a P/E ratio of -8.35 and a beta of 2.42.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Wall Street Zen cut Sound Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Weiss Ratings raised shares of Sound Group from a “sell (d-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sound Group has a consensus rating of “Hold”.
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.
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