Sound Group Inc. (NASDAQ:SOGP) Short Interest Up 109.2% in March

Sound Group Inc. (NASDAQ:SOGP) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 20,500 shares, an increase of 109.2% from the February 28th total of 9,800 shares. Based on an average daily volume of 79,500 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the shares of the company are short sold.

Sound Group Stock Performance

NASDAQ SOGP traded down $0.01 on Friday, reaching $2.20. The stock had a trading volume of 25,501 shares, compared to its average volume of 76,198. The firm has a fifty day moving average of $2.17 and a two-hundred day moving average of $1.99. Sound Group has a 1-year low of $1.49 and a 1-year high of $3.66.

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.