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.
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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
