Short Interest in SoundHound AI, Inc. (NASDAQ:SOUNW) Increases By 80.8%

SoundHound AI, Inc. (NASDAQ:SOUNW) was the target of a significant 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 volume of 26,192 shares, the short-interest ratio is presently 0.8 days.

SoundHound AI Price Performance

Shares of SOUNW opened at $1.86 on Friday. SoundHound AI has a 12-month low of $1.60 and a 12-month high of $10.85. The firm has a 50-day moving average price of $2.40 and a 200 day moving average price of $2.87.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SoundHound AI stock. Aristeia Capital L.L.C. boosted its holdings in shares of SoundHound AI, Inc. (NASDAQ:SOUNW) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 246,720 shares of the company’s stock after buying 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 SEC filing.

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.