Short Interest in Sound Group Inc. (NASDAQ:SOGP) Grows By 311.1%

Sound Group Inc. (NASDAQ:SOGP) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 37,000 shares, a growth of 311.1% from the September 15th total of 9,000 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 17,800 shares, the short-interest ratio is presently 2.1 days.

Sound Group Stock Up 6.1 %

Shares of NASDAQ:SOGP traded up $0.12 during trading on Friday, reaching $2.08. 21,007 shares of the company traded hands, compared to its average volume of 272,988. The firm has a market capitalization of $10.77 million, a PE ratio of 1.98 and a beta of 1.69. Sound Group has a 52 week low of $1.49 and a 52 week high of $6.70. The company’s 50 day moving average is $1.88 and its two-hundred day moving average is $2.36.

Institutional Inflows and Outflows

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

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.