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What’s Going On With SoundHound AI Stock?

SoundHound AI, Inc. (NASDAQ: SOUN) shares are trading higher Monday despite a lack of company-specific news. Here's a look at what's going on. What To Know: SoundHound shares are up nearly 20% on Monday, but remain down by more than 38% over the last month.
byErica Kollmann
August 14, 2023
1 minute read
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SoundHound AI, Inc. (NASDAQ:SOUN) shares are trading higher Monday despite a lack of company-specific news. Here’s a look at what’s going on.

What To Know:

SoundHound shares are up nearly 20% on Monday, but remain down by more than 38% over the last month.

Shares of SOUN are moving on above-average trading volume. According to data from Benzinga Pro, more than 31.4 million shares have been traded in the session, compared to the stock’s 100-day average of just over 17.7 million shares.

SoundHound AI has attracted the attention of retail investors and short-sellers alike. According to Benzinga Pro, 13.1% of available SOUN shares are being sold short.

Related News: Why Zynerba Pharmaceuticals Stock Is Skyrocketing Today

SOUN Price Action: According to Benzinga Pro, SoundHound shares are trading up by 18% at $2.30 at the time of publication.

Image: ZT_OSCAR from Pixabay

 
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