SoundHound AI, Inc. (NASDAQ:SOUNW) Sees Large Decrease in Short Interest

SoundHound AI, Inc. (NASDAQ:SOUNW) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 38,500 shares, a decrease of 46.0% from the September 30th total of 71,300 shares. Based on an average daily trading volume, of 30,100 shares, the short-interest ratio is presently 1.3 days.

SoundHound AI Stock Performance

Shares of SoundHound AI stock traded up $0.02 during midday trading on Friday, hitting $1.89. The company had a trading volume of 27,192 shares, compared to its average volume of 147,892. The company has a 50 day moving average of $1.90 and a 200 day moving average of $1.97. SoundHound AI has a 52-week low of $0.19 and a 52-week high of $5.98.

SoundHound AI Company Profile

SoundHound AI, Inc develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.