Short Interest in Sound Group Inc. (NASDAQ:SOGP) Drops By 28.4%

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

Sound Group Price Performance

Shares of NASDAQ SOGP traded up $0.18 during trading on Friday, hitting $3.01. 18,062 shares of the company traded hands, compared to its average volume of 20,482. The firm has a market cap of $15.59 million, a price-to-earnings ratio of 3.04 and a beta of 1.71. The firm has a fifty day moving average of $3.46. Sound Group has a fifty-two week low of $2.19 and a fifty-two week high of $12.20.

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.