SoundHound CEO to shorts: “Bring it.”
In a CNBC interview yesterday, SoundHound AI CEO Keyvan Mohajer addressed rising short interest in the voice AI company’s stock after its roughly 50% tumble so far this year.
Short interest, the number of shares that are borrowed and sold short in the hopes of profiting on a decline in the share price, has hit a record-high 119 million shares, or roughly 34% of the tradable float recently.
Mohajer said:
“Disruption comes with volatility. We think long-term and I tell my colleagues that shorts don’t change our goal. Our goal is to succeed; they only make the prize of winning bigger, so bring it.”
Mohajer said:
“Disruption comes with volatility. We think long-term and I tell my colleagues that shorts don’t change our goal. Our goal is to succeed; they only make the prize of winning bigger, so bring it.”