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

SoundHound AI, Inc. (NASDAQ:SOUNW) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 30,606 shares, an increase of 538.2% from the December 15th total of 4,796 shares. Based on an average daily volume of 45,161 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 45,161 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of SoundHound AI

A hedge fund recently raised its stake in SoundHound AI stock. Wolverine Asset Management LLC boosted its holdings in SoundHound AI, Inc. (NASDAQ:SOUNW) by 30.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,399 shares of the company’s stock after purchasing an additional 4,034 shares during the period. Wolverine Asset Management LLC’s holdings in SoundHound AI were worth $125,000 as of its most recent SEC filing.

SoundHound AI Trading Down 8.9%

NASDAQ:SOUNW opened at $4.19 on Wednesday. SoundHound AI has a 52 week low of $2.27 and a 52 week high of $10.95. The firm has a 50-day moving average price of $4.76 and a two-hundred day moving average price of $5.98.

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.