SoundHound AI, Inc. (NASDAQ:SOUNW – Get Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 28,327 shares, a decrease of 39.8% from the April 30th total of 47,087 shares. Based on an average daily volume of 49,975 shares, the days-to-cover ratio is presently 0.6 days.
SoundHound AI Stock Performance
Shares of SoundHound AI stock opened at $2.85 on Tuesday. SoundHound AI has a 12-month low of $1.60 and a 12-month high of $10.85. The firm’s 50 day simple moving average is $2.50 and its two-hundred day simple moving average is $3.35.
Institutional Inflows and Outflows
An institutional investor recently raised its position in SoundHound AI stock. Aristeia Capital L.L.C. raised its stake in shares of SoundHound AI, Inc. (NASDAQ:SOUNW – Free Report) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,720 shares of the company’s stock after purchasing an additional 9,231 shares during the quarter. Aristeia Capital L.L.C.’s holdings in SoundHound AI were worth $843,000 at the end of the most recent reporting period.
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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