LIZHI INC. Sponsored ADR (NASDAQ:SOGP) Short Interest Update

Key Points

• LIZHI Inc. experienced a significant decrease in short interest, dropping by 23.0% in August, with the current short interest totaling 50,200 shares.
• Shares of LIZHI stock rose by 14.4%, reaching a price of $22.19 amid increased trading volume.
• A dividend of $1.00 has been declared by LIZHI, set to be paid on September 30th, with an ex-dividend date of October 1st.

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

Analysts Set New Price Targets

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

LIZHI Price Performance

Shares of SOGP traded up $0.60 during midday trading on Friday, reaching $22.79. The stock had a trading volume of 451,197 shares, compared to its average volume of 8,737,389. The company's 50-day moving average is $9.06 and its 200 day moving average is $4.57. LIZHI has a 12-month low of $1.18 and a 12-month high of $37.00.

LIZHI Dividend Announcement

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

Hedge Funds Weigh In On LIZHI

A hedge fund recently bought a new stake in LIZHI stock. Virtu Financial LLC acquired a new position in LIZHI INC. Sponsored ADR (NASDAQ:SOGP - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 28,768 shares of the company's stock, valued at approximately $63,000. Virtu Financial LLC owned approximately 0.58% of LIZHI at the end of the most recent quarter. 1.62% of the stock is currently owned by institutional investors and hedge funds.

About LIZHI

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.