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

SoundHound AI, Inc. (NASDAQ:SOUNW) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 4,700 shares, a decline of 87.8% from the October 15th total of 38,500 shares. Based on an average daily trading volume, of 35,500 shares, the days-to-cover ratio is currently 0.1 days.

SoundHound AI Trading Down 20.5 %

SOUNW traded down $0.57 during midday trading on Wednesday, hitting $2.21. The company had a trading volume of 96,374 shares, compared to its average volume of 144,546. SoundHound AI has a 52 week low of $0.19 and a 52 week high of $5.98. The stock’s 50 day moving average price is $1.95 and its 200 day moving average price is $1.99.

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.