SoundHound AI, Inc. (NASDAQ:SOUNW – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 42 shares, a decrease of 94.0% from the July 30th total of 703 shares. Based on an average trading volume of 39,475 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in SoundHound AI stock. Aristeia Capital L.L.C. lifted its position 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 & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.
SoundHound AI Stock Down 2.8%
Shares of SoundHound AI stock opened at $1.41 on Wednesday. The firm’s 50 day moving average is $1.69 and its 200 day moving average is $2.26. SoundHound AI has a 1 year low of $1.28 and a 1 year high of $10.85.
SoundHound AI Company Profile
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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