Short Interest in Sonim Technologies, Inc. (NASDAQ:SONM) Grows By 27.6%

Sonim Technologies, Inc. (NASDAQ:SONM) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 48,600 shares, an increase of 27.6% from the December 15th total of 38,100 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average trading volume of 22,400 shares, the short-interest ratio is currently 2.2 days.

Sonim Technologies Price Performance

Shares of SONM stock traded down $0.52 during trading hours on Thursday, hitting $3.26. The company had a trading volume of 230,610 shares, compared to its average volume of 397,268. The stock has a market capitalization of $15.88 million, a PE ratio of -1.11 and a beta of 2.43. The company’s fifty day moving average is $3.34 and its 200 day moving average is $3.40. Sonim Technologies has a fifty-two week low of $2.32 and a fifty-two week 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.