LIZHI INC. Sponsored ADR (NASDAQ:SOGP) Sees Significant Decrease in Short Interest

LIZHI INC. Sponsored ADR (NASDAQ:SOGP - Get Free Report) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totaling 50,200 shares, a drop of 23.0% from the July 31st total of 65,200 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily volume of 644,700 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 644,700 shares, the short-interest ratio is presently 0.1 days. Currently, 1.4% of the shares of the company are short sold.

LIZHI Trading Down 26.9%

Shares of SOGP stock traded down $7.13 during trading hours on Wednesday, reaching $19.39. The company's stock had a trading volume of 734,682 shares, compared to its average volume of 8,680,183. The firm's 50 day simple moving average is $8.40 and its 200-day simple moving average is $4.27. LIZHI has a fifty-two week low of $1.18 and a fifty-two week high of $37.00.

LIZHI Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, October 1st.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded LIZHI to a "hold" rating in a research note on Saturday, July 26th.

Institutional Investors Weigh In On LIZHI

An institutional investor recently bought a new position in LIZHI stock. Virtu Financial LLC acquired a new stake in shares of LIZHI INC. Sponsored ADR (NASDAQ:SOGP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 28,768 shares of the company's stock, valued at approximately $63,000. Virtu Financial LLC owned approximately 0.58% of LIZHI as of its most recent SEC filing. 1.62% of the stock is currently owned by institutional investors and hedge funds.

LIZHI 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.