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

Sound Group Inc. (NASDAQ:SOGP) was the recipient of a large decrease in short interest during the month of 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. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 27,400 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Sound Group

A hedge fund recently bought a new stake in Sound Group stock. Renaissance Technologies LLC acquired a new position in shares of Sound Group Inc. (NASDAQ:SOGP) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,158 shares of the company’s stock, valued at approximately $31,000. Renaissance Technologies LLC owned about 0.29% of Sound Group at the end of the most recent quarter. Institutional investors own 1.62% of the company’s stock.

Sound Group Price Performance

SOGP stock traded up $0.05 during trading on Thursday, hitting $2.07. The stock had a trading volume of 7,052 shares, compared to its average volume of 220,403. The company’s 50-day moving average price is $1.84 and its two-hundred day moving average price is $1.96. Sound Group has a twelve month low of $1.49 and a twelve month high of $6.70. The stock has a market capitalization of $10.21 million, a P/E ratio of 2.09 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.