Peering Into SoundHound AI's Recent Short Interest
Portfolio Pulse from Benzinga Insights
SoundHound AI (NYSE:SOUN) has seen a 4.18% increase in its short percent of float, now at 23.91%. This indicates a bearish sentiment among investors, as it has a higher short interest compared to its peers. It would take traders 3.29 days to cover their short positions.
June 21, 2024 | 4:45 pm
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SoundHound AI's short percent of float has increased by 4.18%, now at 23.91%, indicating a bearish sentiment among investors. It would take traders 3.29 days to cover their short positions.
The increase in short interest suggests that investors are bearish on SoundHound AI, which could lead to downward pressure on the stock price in the short term. The high short interest compared to peers further supports this sentiment.
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