Sound Group, Inc. (NASDAQ:SOGP) Short Interest Up 136.9% in June

Sound Group, Inc. (NASDAQ:SOGP) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 136,011 shares, an increase of 136.9% from the June 15th total of 57,422 shares. Currently, 4.0% of the shares of the company are short sold. Based on an average daily trading volume, of 19,726 shares, the days-to-cover ratio is currently 6.9 days.

Analysts Set New Price Targets

SOGP has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Sound Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Weiss Ratings raised Sound Group from a “sell (d-)” rating to a “hold (c)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Sound Group Price Performance

NASDAQ:SOGP traded up $0.12 during trading hours on Tuesday, reaching $10.10. 662 shares of the company traded hands, compared to its average volume of 57,184. The stock has a market cap of $45.55 million, a P/E ratio of -8.35 and a beta of 2.42. Sound Group has a 1-year low of $3.20 and a 1-year high of $37.00. The firm’s 50-day moving average is $12.50 and its 200-day moving average is $13.66.

Sound Group Company Profile

Sound Group Inc is a global, AI-powered audio company on a mission to help people connect better and live happier. Leveraging its voice AI technologies and deep expertise in audio interaction, Sound Group is building a diverse ecosystem of intelligent audio products that cater to a global user base. By integrating technology, innovative products, and real-world data within a user-centric ecosystem, the Company generates a powerful growth flywheel that drives continuous innovation and accelerates global expansion.