SoundHound AI, Inc. (NASDAQ:SOUNW) Stock Short Interest Jumps 477.0%

SoundHound AI, Inc. (NASDAQ:SOUNW) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 5,124 shares, a growth of 477.0% from the August 31st total of 888 shares. Based on an average daily volume of 25,598 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On SoundHound AI

A hedge fund recently raised its stake in SoundHound AI stock. Aristeia Capital L.L.C. grew its position in shares of SoundHound AI, Inc. (NASDAQ:SOUNW) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 246,720 shares of the company’s stock after buying 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 Trading Down 6.6%

Shares of NASDAQ:SOUNW traded down $0.04 during trading on Friday, reaching $0.57. The company had a trading volume of 27,042 shares, compared to its average volume of 28,974. SoundHound AI has a fifty-two week low of $0.54 and a fifty-two week high of $10.85. The stock’s fifty day moving average price is $1.31 and its 200 day moving average price is $1.96.

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.