Short Interest in Sound Group Inc. (NASDAQ:SOGP) Drops By 72.2%

Sound Group Inc. (NASDAQ:SOGP) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 3,700 shares, a decline of 72.2% from the November 30th total of 13,300 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 27,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sound Group stock. Acadian Asset Management LLC bought a new stake in Sound Group Inc. (NASDAQ:SOGP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,752 shares of the company’s stock, valued at approximately $74,000. Acadian Asset Management LLC owned 0.69% of Sound Group at the end of the most recent quarter. Hedge funds and other institutional investors own 1.62% of the company’s stock.

Sound Group Stock Down 9.0 %

NASDAQ SOGP traded down $0.20 during trading hours on Friday, hitting $2.03. The company’s stock had a trading volume of 11,404 shares, compared to its average volume of 219,834. The stock has a fifty day moving average of $1.85 and a 200 day moving average of $1.96. Sound Group has a twelve month low of $1.49 and a twelve month high of $6.70. The firm has a market capitalization of $10.00 million, a P/E ratio of 2.05 and a beta of 1.68.

About Sound Group

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.