Short Interest in SoundHound AI, Inc. (NASDAQ:SOUNW) Decreases By 51.4%

SoundHound AI, Inc. (NASDAQ:SOUNW) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 83,500 shares, a drop of 51.4% from the March 31st total of 171,800 shares. Based on an average daily trading volume, of 356,200 shares, the days-to-cover ratio is currently 0.2 days.

SoundHound AI Stock Performance

NASDAQ SOUNW traded up $0.43 during trading hours on Friday, reaching $2.48. The company’s stock had a trading volume of 290,098 shares, compared to its average volume of 297,576. The business has a 50-day simple moving average of $2.76 and a 200 day simple moving average of $1.16. SoundHound AI has a 52 week low of $0.19 and a 52 week high of $5.98.

About SoundHound AI

SoundHound AI, Inc develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.