Sonder Holdings Inc. (NASDAQ:SOND) Short Interest Up 23.3% in July

Sonder Holdings Inc. (NASDAQ:SOND) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 957,600 shares, a growth of 23.3% from the July 15th total of 776,500 shares. Based on an average trading volume of 66,600 shares, the short-interest ratio is currently 14.4 days. Approximately 10.9% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sonder stock. Freestone Capital Holdings LLC purchased a new position in Sonder Holdings Inc. (NASDAQ:SOND) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,000 shares of the company’s stock, valued at approximately $44,000. Freestone Capital Holdings LLC owned 0.14% of Sonder as of its most recent SEC filing. Institutional investors and hedge funds own 45.94% of the company’s stock.

Sonder Stock Up 15.4 %

Shares of Sonder stock traded up $0.35 on Friday, hitting $2.62. The stock had a trading volume of 160,604 shares, compared to its average volume of 72,135. Sonder has a one year low of $0.88 and a one year high of $10.80. The stock has a market cap of $28.99 million, a price-to-earnings ratio of -0.11 and a beta of 1.34. The stock’s 50-day simple moving average is $3.37 and its two-hundred day simple moving average is $3.69.

Sonder Company Profile

Sonder Holdings Inc engages in the hospitality business. It operates and manages properties comprising 1-, 2-, and 3+ bedroom; and studio apartments, as well as 1-bedroom hotel rooms for leisure travelers and families, digital nomads, and business travelers in North America, Europe, and the Middle East.