Peering Into SoundHound AI's Recent Short Interest
Portfolio Pulse from Benzinga Insights
SoundHound AI (NYSE:SOUN) has seen a 7.5% decrease in its short percent of float since the last report, with 25.15 million shares sold short, representing 13.93% of its available trading shares. This indicates a shift in market sentiment towards the stock, potentially signaling increased bullishness among investors. SoundHound AI's short interest is significantly higher than its peer group average of 6.93%, suggesting more bearish sentiment compared to its peers.
February 14, 2024 | 4:00 pm
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SoundHound AI's short interest has decreased, indicating a potential shift towards more bullish sentiment among investors. However, its short interest remains high compared to peers, suggesting continued bearish views.
The decrease in short interest for SoundHound AI suggests that investors might be becoming more optimistic about the company's future performance. However, the fact that its short interest is still significantly higher than its peers indicates that there is still a considerable amount of bearish sentiment in the market. This mixed signal could lead to increased volatility in the short term, but the overall decrease in short interest could be seen as a positive sign.
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