Sound Group Inc. (NASDAQ:SOGP) Short Interest Down 72.2% in December

Sound Group Inc. (NASDAQ:SOGP) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 3,700 shares, a decrease of 72.2% from the November 30th total of 13,300 shares. Based on an average daily trading volume, of 27,400 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Sound Group

An institutional investor recently bought a new position in Sound Group stock. Acadian Asset Management LLC purchased a new stake in Sound Group Inc. (NASDAQ:SOGP) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 35,752 shares of the company’s stock, valued at approximately $74,000. Acadian Asset Management LLC owned about 0.69% of Sound Group as of its most recent SEC filing. Institutional investors own 1.62% of the company’s stock.

Sound Group Price Performance

Shares of SOGP stock traded up $0.05 during trading hours on Thursday, hitting $2.07. The stock had a trading volume of 7,052 shares, compared to its average volume of 220,403. The firm has a market capitalization of $10.21 million, a PE ratio of 2.09 and a beta of 1.68. The stock’s 50 day moving average is $1.84 and its 200 day moving average is $1.96. Sound Group has a twelve month low of $1.49 and a twelve month high of $6.70.

Sound Group Company Profile

Sound Group Inc operates as an audio-centric social and entertainment company. It focuses on building audio platform to connect and communicate. The company, through its product portfolio and in-house technologies, caters to user interest in audio entertainment and social networking. The company was formerly known as LIZHI INC.