SoundHound AI, Inc. (NASDAQ:SOUNW – Get Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 30,606 shares, a growth 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 currently 0.7 days. Based on an average daily volume of 45,161 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Investors Weigh In On SoundHound AI
An institutional investor recently raised its position in SoundHound AI stock. Wolverine Asset Management LLC grew its holdings in SoundHound AI, Inc. (NASDAQ:SOUNW – Free Report) by 30.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & 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 filing with the Securities & Exchange Commission.
SoundHound AI Trading Down 0.6%
NASDAQ:SOUNW opened at $4.60 on Tuesday. The company’s 50-day moving average is $4.81 and its two-hundred day moving average is $5.98. SoundHound AI has a 1-year low of $2.27 and a 1-year high of $10.95.
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.
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