Sonim Technologies, Inc. (NASDAQ:SONM) Short Interest Update

Sonim Technologies, Inc. (NASDAQ:SONM) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 81,600 shares, a growth of 14.9% from the August 15th total of 71,000 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average trading volume of 58,400 shares, the short-interest ratio is currently 1.4 days.

Sonim Technologies Price Performance

NASDAQ:SONM traded up $0.09 during mid-day trading on Friday, hitting $2.71. The company’s stock had a trading volume of 16,858 shares, compared to its average volume of 37,898. The business’s fifty day moving average is $3.29 and its two-hundred day moving average is $5.23. Sonim Technologies has a 1 year low of $2.32 and a 1 year high of $10.70.

Sonim Technologies (NASDAQ:SONM) last issued its earnings results on Friday, August 9th. The company reported ($1.41) EPS for the quarter, hitting analysts’ consensus estimates of ($1.41). The firm had revenue of $11.52 million for the quarter, compared to the consensus estimate of $10.91 million. Sonim Technologies had a negative return on equity of 50.00% and a negative net margin of 14.94%. Research analysts expect that Sonim Technologies will post -2.47 EPS for the current year.

Sonim Technologies Company Profile

Sonim Technologies, Inc provides ruggedized mobile phones and accessories for task workers. The company offers ruggedized mobile phones, such as Sonim XP10, Sonim XP5plus, Sonim XP3plus, and Sonim XP Pro; Sonim mobile hotspot; industrial-grade accessories. It sells its mobile phones and accessories primarily to wireless carriers in the United States and Canada; and sells wireless carrier channels through distribution channels in North America and Europe.