Short Interest in Sonim Technologies, Inc. (NASDAQ:SONM) Increases By 14.9%

Sonim Technologies, Inc. (NASDAQ:SONM) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 81,600 shares, a growth of 14.9% from the August 15th total of 71,000 shares. Based on an average trading volume of 58,400 shares, the short-interest ratio is currently 1.4 days. Approximately 3.3% of the shares of the stock are short sold.

Sonim Technologies Price Performance

Shares of Sonim Technologies stock traded up $0.09 on Friday, hitting $2.71. The company’s stock had a trading volume of 16,858 shares, compared to its average volume of 37,898. Sonim Technologies has a 1 year low of $2.32 and a 1 year high of $10.70. The firm has a fifty day moving average price of $3.29 and a 200-day moving average price of $5.23.

Sonim Technologies (NASDAQ:SONM) last issued its quarterly earnings data on Friday, August 9th. The company reported ($1.41) EPS for the quarter, meeting the consensus estimate of ($1.41). The company had revenue of $11.52 million for the quarter, compared to analyst estimates of $10.91 million. Sonim Technologies had a negative return on equity of 50.00% and a negative net margin of 14.94%. Sell-side analysts predict that Sonim Technologies will post -2.47 earnings per share for the current fiscal year.

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.