SoundHound AI, Inc. (NASDAQ:SOUNW) Sees Large Increase in Short Interest

SoundHound AI, Inc. (NASDAQ:SOUNW) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 60,165 shares, a growth of 18.7% from the February 12th total of 50,692 shares. Based on an average trading volume of 27,030 shares, the short-interest ratio is presently 2.2 days. Based on an average trading volume of 27,030 shares, the short-interest ratio is presently 2.2 days.

SoundHound AI Trading Up 5.1%

SoundHound AI stock opened at $2.48 on Tuesday. SoundHound AI has a 12 month low of $2.25 and a 12 month high of $10.85. The stock has a 50-day moving average price of $3.26 and a two-hundred day moving average price of $5.21.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SoundHound AI stock. Wolverine Asset Management LLC increased its holdings in shares of SoundHound AI, Inc. (NASDAQ:SOUNW) by 30.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,399 shares of the company’s stock after buying an additional 4,034 shares during the period. Wolverine Asset Management LLC’s holdings in SoundHound AI were worth $125,000 at the end of the most recent quarter.

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.