Short Interest in SoundHound AI, Inc. (NASDAQ:SOUNW) Declines By 33.3%

SoundHound AI, Inc. (NASDAQ:SOUNW) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 3,000 shares, a decline of 33.3% from the August 15th total of 4,500 shares. Based on an average daily trading volume, of 35,900 shares, the short-interest ratio is presently 0.1 days.

SoundHound AI Stock Performance

Shares of NASDAQ:SOUNW traded down $0.03 during midday trading on Friday, reaching $0.39. 66,288 shares of the company traded hands, compared to its average volume of 46,998. The firm’s fifty day moving average price is $0.49 and its two-hundred day moving average price is $0.47. SoundHound AI has a 12 month low of $0.08 and a 12 month high of $1.48.

SoundHound AI Company Profile

SoundHound AI, Inc develops independent voice artificial intelligence (AI) platform that enables businesses across 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 automatic speech recognition, natural language understanding, wake words, custom domains, text-to-speech, and embedded voice solutions The company is headquartered in Santa Clara, California.