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

SoundHound AI, Inc. (NASDAQ:SOUNW) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 20,093 shares, a growth of 80.8% from the May 31st total of 11,111 shares. Based on an average daily trading volume, of 26,192 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On SoundHound AI

An institutional investor recently raised its stake in SoundHound AI stock. Aristeia Capital L.L.C. increased its holdings in SoundHound AI, Inc. (NASDAQ:SOUNW) by 3.9% in the fourth quarter, according to its most recent Form 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 period. 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 Stock Up 2.0%

NASDAQ SOUNW opened at $1.96 on Thursday. SoundHound AI has a 1 year low of $1.60 and a 1 year high of $10.85. The business’s fifty day moving average is $2.42 and its two-hundred day moving average is $2.89.

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.