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

Sonim Technologies, Inc. (NASDAQ:SONM) was the recipient of a large increase in short interest in 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. Based on an average trading volume of 22,400 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.2% of the company’s stock are short sold.

Sonim Technologies Trading Down 0.3 %

Shares of SONM traded down $0.01 during trading hours on Friday, reaching $3.25. 64,096 shares of the stock traded hands, compared to its average volume of 365,706. Sonim Technologies has a 52 week low of $2.32 and a 52 week high of $10.70. The company has a market cap of $15.83 million, a price-to-earnings ratio of -1.11 and a beta of 2.43. The stock has a fifty day simple moving average of $3.34 and a 200 day simple moving average of $3.40.

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.