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

SoundHound AI, Inc. (NASDAQ:SOUNW) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 888 shares, an increase of 2,014.3% from the August 15th total of 42 shares. Based on an average daily volume of 27,737 shares, the days-to-cover ratio is presently 0.0 days.

SoundHound AI Price Performance

NASDAQ:SOUNW traded down $0.10 on Friday, hitting $1.00. The company had a trading volume of 43,325 shares, compared to its average volume of 28,145. SoundHound AI has a 52 week low of $0.95 and a 52 week high of $10.85. The firm has a 50 day moving average of $1.52 and a two-hundred day moving average of $2.12.

Institutional Investors Weigh In On SoundHound AI

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

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.