SoundHound AI, Inc. (NASDAQ:SOUNW) Stock Short Interest Declines 99.2%

SoundHound AI, Inc. (NASDAQ:SOUNW) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 42 shares, a decline of 99.2% from the September 15th total of 5,124 shares. Based on an average trading volume of 40,981 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of SoundHound AI

An institutional investor recently bought a new stake in SoundHound AI stock. Headlands Technologies LLC acquired a new stake in SoundHound AI, Inc. (NASDAQ:SOUNW) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 397,524 shares of the company’s stock, valued at approximately $763,000.

SoundHound AI Price Performance

SOUNW traded down $0.21 on Friday, reaching $0.33. The stock had a trading volume of 126,151 shares, compared to its average volume of 29,234. SoundHound AI has a fifty-two week low of $0.30 and a fifty-two week high of $10.85. The firm has a 50-day moving average of $1.11 and a 200-day moving average of $1.83.

SoundHound AI Company Profile

SoundHound AI, Inc develops voice artificial intelligence and conversational intelligence technologies. Its platform is designed to let people interact with devices, applications and services using natural language, supporting voice-enabled search, question answering and task completion.

The company’s primary offering, the Houndify platform, provides tools and infrastructure for businesses to create branded voice assistants. SoundHound serves industries including automotive, restaurants, consumer electronics and enterprise software, with applications such as in-vehicle assistants, voice ordering, customer service and business information retrieval.

SoundHound was founded in 2005 by Keyvan Mohajer, who serves as its chief executive officer.