Sound Group Inc. (NASDAQ:SOGP) Sees Large Decline in Short Interest

Sound Group Inc. (NASDAQ:SOGP) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 16,100 shares, a drop of 28.4% from the March 31st total of 22,500 shares. Based on an average trading volume of 793,300 shares, the short-interest ratio is presently 0.0 days. Approximately 0.4% of the company’s stock are sold short.

Sound Group Price Performance

NASDAQ:SOGP traded down $0.10 during midday trading on Monday, reaching $2.91. The company had a trading volume of 7,576 shares, compared to its average volume of 634,133. Sound Group has a 12-month low of $2.19 and a 12-month high of $12.20. The firm has a market cap of $15.06 million, a price-to-earnings ratio of 2.94 and a beta of 1.71. The business’s fifty day simple moving average is $3.46.

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.