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

SoundHound AI, Inc. (NASDAQ:SOUNW) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 23,300 shares, an increase of 34.7% from the December 15th total of 17,300 shares. Based on an average daily trading volume, of 229,900 shares, the days-to-cover ratio is presently 0.1 days.

SoundHound AI Stock Up 15.8 %

Shares of NASDAQ SOUNW traded up $1.33 during midday trading on Thursday, hitting $9.73. The stock had a trading volume of 195,670 shares, compared to its average volume of 232,517. SoundHound AI has a fifty-two week low of $0.23 and a fifty-two week high of $21.50. The company’s 50-day simple moving average is $7.25 and its 200 day simple moving average is $3.82.

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.