Why SoundHound AI Stock Is Booming Today
Portfolio Pulse from Erica Kollmann
Shares of SoundHound AI, Inc. (NASDAQ:SOUN) are trading higher after DA Davidson initiated coverage on the stock with a Buy rating and a price target of $5. The stock has seen heavy trading volume with more than 7.5 million shares traded in the session. The stock has significant short interest with 16.16% of available shares being sold short.
September 27, 2023 | 2:06 pm
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SoundHound AI's stock is trading higher after DA Davidson's Buy rating and $5 price target. The stock has significant short interest.
The positive rating and price target from DA Davidson have led to an increase in SoundHound AI's stock price. The heavy trading volume and significant short interest indicate that the stock is currently in high demand.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100