Sound Group Inc. (NASDAQ:SOGP) Short Interest Up 354.1% in December

Sound Group Inc. (NASDAQ:SOGP) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 16,800 shares, an increase of 354.1% from the December 15th total of 3,700 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 24,000 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Sound Group

An institutional investor recently bought a new position in Sound Group stock. Renaissance Technologies LLC acquired a new stake in Sound Group Inc. (NASDAQ:SOGP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,158 shares of the company’s stock, valued at approximately $31,000. Renaissance Technologies LLC owned 0.29% of Sound Group at the end of the most recent quarter. 1.62% of the stock is currently owned by hedge funds and other institutional investors.

Sound Group Stock Performance

Shares of SOGP traded up $0.06 during trading hours on Tuesday, hitting $1.75. The stock had a trading volume of 10,597 shares, compared to its average volume of 21,725. The firm has a market capitalization of $8.62 million, a price-to-earnings ratio of 1.77 and a beta of 1.62. The firm has a 50-day moving average price of $1.87 and a 200 day moving average price of $1.95. Sound Group has a fifty-two week low of $1.49 and a fifty-two week high of $6.70.

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.