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Soundhound AI (NASDAQ: SOUN) has a short interest of 32% as of late June 2024, driven by expectations of high revenue growth forecasts, including a projected 145% for Q2. Analysts see potential for a significant stock price increase, with a forecasted 50% upside from late-June levels.
Etsy (NASDAQ: ETSY) faces a short interest of 23%, close to multi-year highs. Analysts express positivity around the company’s strategic shift towards AI and automation, which is expected to improve user experience and sales, despite a recent downtrend in analyst ratings.
Brinker International (NYSE: EAT) has a nearly 15% short interest, with strong growth of nearly 30% reported in fiscal Q1. Recent price target increases from analysts, with a high target of $215, indicate positive sentiment as the company aims for continued sequential growth in Q2.
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