Short Interest in Sonim Technologies, Inc. (NASDAQ:SONM) Drops By 38.7%

Sonim Technologies, Inc. (NASDAQ:SONM) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 41,700 shares, a decline of 38.7% from the October 15th total of 68,000 shares. Based on an average trading volume of 21,700 shares, the short-interest ratio is currently 1.9 days. Approximately 1.9% of the company’s stock are sold short.

Sonim Technologies Price Performance

Shares of Sonim Technologies stock traded up $0.01 during trading on Friday, hitting $3.24. 2,920 shares of the stock were exchanged, compared to its average volume of 26,846. The firm’s 50-day moving average price is $3.11 and its 200 day moving average price is $4.34. The stock has a market cap 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.

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.