Technically, SoundHound remains a primary candidate for a short squeeze due to a specific combination of factors
High Short Interest: With over 29% of the float held short, any significant positive news forces short sellers to buy back shares to limit losses, creating a feedback loop of upward pressure.
High Days to Cover: At approximately 5.4 days, short sellers cannot exit their positions quickly without significantly spiking the price, as it would take over a week of average trading volume for them to fully cover.
Concentrated Ownership: Institutional ownership has been steadily increasing, which reduces the liquid float available for shorts to borrow.
Dilution & SEC Filings
While there are no massive new surprise offerings pending, it is important to note:
Shelf Registration: The company maintains a shelf registration, which allows them to sell shares periodically to raise capital.