Short Interest in Sonim Technologies, Inc. (NASDAQ:SONM) Drops By 38.7%

Sonim Technologies, Inc. (NASDAQ:SONM) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 41,700 shares, a decrease of 38.7% from the October 15th total of 68,000 shares. Based on an average trading volume of 21,700 shares, the short-interest ratio is currently 1.9 days. Currently, 1.9% of the shares of the stock are short sold.

Sonim Technologies Stock Up 0.3 %

Sonim Technologies stock traded up $0.01 during mid-day trading on Friday, reaching $3.24. 2,920 shares of the company’s stock traded hands, compared to its average volume of 26,846. Sonim Technologies has a 12-month low of $2.32 and a 12-month high of $10.70. The company has a market cap of $15.67 million, a price-to-earnings ratio of -1.11 and a beta of 2.52. The stock has a 50 day moving average of $3.11 and a two-hundred day moving average of $4.34.

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.