Sonim Technologies, Inc. (NASDAQ:SONM) Short Interest Up 65.7% in December

Sonim Technologies, Inc. (NASDAQ:SONM) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 38,100 shares, an increase of 65.7% from the November 30th total of 23,000 shares. Based on an average daily volume of 18,700 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.7% of the company’s stock are sold short.

Sonim Technologies Trading Down 1.0 %

NASDAQ SONM traded down $0.03 on Friday, hitting $3.08. 7,777 shares of the stock traded hands, compared to its average volume of 27,018. The stock has a 50-day moving average of $3.40 and a 200 day moving average of $3.91. Sonim Technologies has a twelve month low of $2.32 and a twelve month high of $10.70. The company has a market capitalization of $15.01 million, a P/E ratio of -1.05 and a beta of 2.47.

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.