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

SoundHound AI, Inc. (NASDAQ:SOUNW) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 45,091 shares, a drop of 25.1% from the February 26th total of 60,165 shares. Based on an average daily trading volume, of 22,066 shares, the short-interest ratio is presently 2.0 days.

SoundHound AI Price Performance

NASDAQ:SOUNW opened at $1.99 on Friday. SoundHound AI has a 52-week low of $1.95 and a 52-week high of $10.85. The stock has a fifty day moving average of $2.89 and a 200 day moving average of $4.96.

Institutional Trading of SoundHound AI

A hedge fund recently raised its stake in SoundHound AI stock. Wolverine Asset Management LLC increased its stake in SoundHound AI, Inc. (NASDAQ:SOUNW) by 30.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,399 shares of the company’s stock after purchasing an additional 4,034 shares during the period. Wolverine Asset Management LLC’s holdings in SoundHound AI were worth $125,000 as of its most recent SEC filing.

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.