SoundHound AI, Inc. Stock Surges 13% as 42% Short Interest Fuels Squeeze Bets

SoundHound AI, Inc. stock closed Wednesday at $6.43, then surged 13% after-hours on record Q2 revenue of $61.9 million, up 45% year-over-year. The company also raised its full-year outlook. The mismatch between a neutral chart and bullish fundamentals defines the setup ahead.

Key takeaways

• SoundHound AI reported record Q2 revenue of $61.9 million, a 45% year-over-year increase, and raised its full-year outlook.
• SOUN stock jumped 13% in after-hours trading following the earnings release.
• Short interest on SOUN stock stands at 42%, among the highest on Wall Street.
• The daily chart remains neutral, with RSI14 at 49.24 and price well below the 200-day EMA at $8.74.
• Key resistance sits at $6.56 and $6.80–$6.81; support rests at $6.37 and $6.34.

SOUN Stock Daily Trend: Neutral Structure, Fading Downside Momentum

SOUN stock’s daily chart presents a neutral structure with fading downside momentum. Price hugs the 20-day EMA at $6.37 but trades well below the 50-day and 200-day EMAs, keeping the broader downtrend intact.

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