Sonim Technologies, Inc. (NASDAQ:SONM) Short Interest Up 27.6% in December

Sonim Technologies, Inc. (NASDAQ:SONM) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 48,600 shares, an increase of 27.6% from the December 15th total of 38,100 shares. Based on an average trading volume of 22,400 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.2% of the company’s shares are sold short.

Sonim Technologies Stock Performance

Shares of SONM traded down $0.52 during mid-day trading on Thursday, hitting $3.26. 230,610 shares of the company’s stock were exchanged, compared to its average volume of 397,268. The stock’s 50-day moving average is $3.34 and its 200-day moving average is $3.40. Sonim Technologies has a fifty-two week low of $2.32 and a fifty-two week high of $10.70. The company has a market cap of $15.88 million, a price-to-earnings ratio of -1.11 and a beta of 2.43.

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.