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

SoundHound AI, Inc. (NASDAQ:SOUNW) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 11,111 shares, a decrease of 60.8% from the May 14th total of 28,327 shares. Based on an average daily trading volume, of 24,911 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SoundHound AI stock. Aristeia Capital L.L.C. grew its holdings in shares of SoundHound AI, Inc. (NASDAQ:SOUNW) by 3.9% during the fourth quarter, according to its most recent 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 as of its most recent filing with the Securities and Exchange Commission.

SoundHound AI Stock Up 1.2%

Shares of SoundHound AI stock traded up $0.02 during midday trading on Friday, reaching $2.05. 5,304 shares of the company’s stock traded hands, compared to its average volume of 30,719. The company’s 50 day simple moving average is $2.53 and its 200 day simple moving average is $3.20. SoundHound AI has a 52 week low of $1.60 and a 52 week high of $10.85.

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.