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

Sonim Technologies, Inc. (NASDAQ:SONM) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 68,800 shares, a drop of 40.0% from the January 31st total of 114,700 shares. Approximately 4.3% of the company’s shares are sold short. Based on an average daily trading volume, of 110,800 shares, the days-to-cover ratio is presently 0.6 days.

Sonim Technologies Stock Performance

Sonim Technologies stock opened at $2.06 on Tuesday. Sonim Technologies has a 1 year low of $2.00 and a 1 year high of $10.70. The company’s 50 day simple moving average is $2.93 and its 200-day simple moving average is $3.03. The company has a market capitalization of $10.04 million, a price-to-earnings ratio of -0.70 and a beta of 2.41.

About Sonim Technologies

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.