Sonim Technologies, Inc. (NASDAQ:SONM) Sees Large Decline in Short Interest

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

Sonim Technologies Stock Down 5.9 %

Shares of SONM stock traded down $0.13 during trading hours on Monday, hitting $2.06. 7,909 shares of the company’s stock traded hands, compared to its average volume of 161,913. The stock has a market cap of $10.04 million, a price-to-earnings ratio of -0.70 and a beta of 2.41. The stock’s fifty day simple moving average is $2.96 and its two-hundred day simple moving average is $3.04. Sonim Technologies has a 12-month low of $2.00 and a 12-month high of $10.70.

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.