SoundHound AI, Inc. (NASDAQ:SOUNW) Short Interest Down 87.8% in October

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

SoundHound AI Price Performance

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

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.