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

Sonim Technologies, Inc. (NASDAQ:SONM) saw a large decrease in short interest during the month of 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 days-to-cover ratio is currently 1.9 days. Currently, 1.9% of the company’s shares are sold short.

Sonim Technologies Price Performance

Shares of NASDAQ:SONM traded up $0.01 on Friday, hitting $3.24. 2,920 shares of the company’s stock were exchanged, compared to its average volume of 26,846. The stock has a market capitalization of $15.67 million, a price-to-earnings ratio of -1.11 and a beta of 2.52. Sonim Technologies has a 12 month low of $2.32 and a 12 month high of $10.70. The business’s 50 day simple moving average is $3.11 and its two-hundred day simple moving average is $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.