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

SoundHound AI, Inc. (NASDAQ:SOUNW) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 7,800 shares, a decline of 59.2% from the January 15th total of 19,100 shares. Based on an average trading volume of 258,800 shares, the short-interest ratio is presently 0.0 days.

SoundHound AI Trading Up 10.3 %

Shares of SOUNW traded up $0.72 during trading hours on Thursday, reaching $7.72. 71,760 shares of the company traded hands, compared to its average volume of 144,592. SoundHound AI has a 12 month low of $0.23 and a 12 month high of $21.50. The company’s fifty day moving average price is $9.43 and its two-hundred day moving average price is $4.68.

About SoundHound AI

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.