Sonder Holdings Inc. (NASDAQ:SOND – Get Free Report) 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 – Free Report) 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.
Featured Stories
- Five stocks we like better than Sonder
- Best Stocks Under $5.00
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- MarketBeat Week in Review – 8/12 – 8/16
- Overbought Stocks Explained: Should You Trade Them?
- JD.com Earnings Surprise: China’s Outlook Better Than Expected
Receive News & Ratings for Sonder Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonder and related companies with MarketBeat.com's FREE daily email newsletter.