SoundHound AI, Inc. (NASDAQ:SOUNW) Short Interest Update

SoundHound AI, Inc. (NASDAQ:SOUNW) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 45,091 shares, a drop of 25.1% from the February 26th total of 60,165 shares. Based on an average daily trading volume, of 22,066 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Investors Weigh In On SoundHound AI

An institutional investor recently raised its position in SoundHound AI stock. Aristeia Capital L.L.C. boosted its stake in shares of SoundHound AI, Inc. (NASDAQ:SOUNW) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 SEC filing.

SoundHound AI Stock Down 8.3%

Shares of SOUNW traded down $0.17 during midday trading on Monday, reaching $1.83. 41,440 shares of the stock were exchanged, compared to its average volume of 28,719. The stock’s 50 day simple moving average is $2.89 and its 200 day simple moving average is $4.95. SoundHound AI has a twelve month low of $1.60 and a twelve month high of $10.85.

About SoundHound AI

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.