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

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

Sound Group Price Performance

Shares of SOGP traded up $0.18 during trading hours on Friday, hitting $3.01. The stock had a trading volume of 18,062 shares, compared to its average volume of 20,482. The company has a market cap of $15.59 million, a price-to-earnings ratio of 3.04 and a beta of 1.71. Sound Group has a 12 month low of $2.19 and a 12 month high of $12.20. The firm has a fifty day moving average price of $3.46.

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.