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

Key Points

• LIZHI INC. (NASDAQ:SOGP) experienced a dramatic increase in short interest of 2,131.1%, reaching a total of 1,120,000 shares as of August 31st, with approximately 34.0% of its shares sold short.
• The company announced a dividend of $1.00 per share payable on September 30th, with an ex-dividend date of October 1st.;
• Argentarii LLC, an institutional investor, acquired 50,000 shares of LIZHI during the 1st quarter, which represents 1.02% of the company’s stock.

LIZHI INC. Sponsored ADR (NASDAQ:SOGP - Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,120,000 shares, an increase of 2,131.1% from the August 15th total of 50,200 shares. Approximately 34.0% of the shares of the stock are sold short. Based on an average trading volume of 3,320,000 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 3,320,000 shares, the short-interest ratio is presently 0.3 days. Approximately 34.0% of the shares of the stock are sold short.

Analyst Ratings Changes

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

Hedge Funds Weigh In On LIZHI

An institutional investor recently bought a new position in LIZHI stock. Argentarii LLC bought a new position in shares of LIZHI INC. Sponsored ADR (NASDAQ:SOGP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,000 shares of the company's stock, valued at approximately $110,000. Argentarii LLC owned 1.02% of LIZHI at the end of the most recent quarter. Hedge funds and other institutional investors own 1.62% of the company's stock.

LIZHI Stock Performance

NASDAQ SOGP traded up $2.24 during trading hours on Thursday, hitting $21.63. 289,961 shares of the company's stock were exchanged, compared to its average volume of 1,286,015. The business's 50 day moving average is $8.40 and its 200-day moving average is $4.27. LIZHI has a 12-month low of $1.18 and a 12-month high of $37.00.

LIZHI Announces Dividend

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

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.

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