Sonim Technologies, Inc. (NASDAQ:SONM) Short Interest Update

Sonim Technologies, Inc. (NASDAQ:SONM) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 68,800 shares, a decline of 40.0% from the January 31st total of 114,700 shares. Based on an average daily trading volume, of 110,800 shares, the short-interest ratio is presently 0.6 days. Currently, 4.3% of the shares of the stock are short sold.

Sonim Technologies Price Performance

NASDAQ:SONM traded up $0.05 during trading hours on Friday, hitting $2.19. The company’s stock had a trading volume of 17,862 shares, compared to its average volume of 165,863. The company has a market capitalization of $10.67 million, a P/E ratio of -0.75 and a beta of 2.41. Sonim Technologies has a twelve month low of $2.00 and a twelve month high of $10.70. The stock has a fifty day simple moving average of $2.96 and a 200-day simple moving average of $3.04.

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.