Sonim Technologies, Inc. (NASDAQ:SONM) Short Interest Down 36.9% in February

Sonim Technologies, Inc. (NASDAQ:SONM) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 36,965 shares, a decline of 36.9% from the January 29th total of 58,615 shares. Based on an average daily volume of 26,451 shares, the days-to-cover ratio is presently 1.4 days. Approximately 3.8% of the company’s stock are short sold. Approximately 3.8% of the company’s stock are short sold. Based on an average daily volume of 26,451 shares, the days-to-cover ratio is presently 1.4 days.

Sonim Technologies Trading Up 0.9%

Shares of NASDAQ SONM traded up $0.05 during mid-day trading on Friday, hitting $5.44. The company had a trading volume of 20,285 shares, compared to its average volume of 42,429. The stock’s 50-day moving average price is $4.88 and its 200-day moving average price is $8.27. Sonim Technologies has a 1 year low of $2.52 and a 1 year high of $61.00. The company has a market capitalization of $5.60 million, a price-to-earnings ratio of -0.41 and a beta of 1.64.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Sonim Technologies in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sonim Technologies stock. XTX Topco Ltd bought a new stake in shares of Sonim Technologies, Inc. (NASDAQ:SONM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 24,614 shares of the company’s stock, valued at approximately $30,000. XTX Topco Ltd owned about 0.14% of Sonim Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 3.26% of the company’s stock.

About Sonim Technologies

Sonim Technologies, Inc (NASDAQ: SONM) is a specialty device manufacturer focused on mission-critical communications. The company designs, develops and markets ultra-rugged mobile handsets, push-to-talk (PTT) devices, accessories and supporting software platforms for customers operating in the most demanding environments. Sonim’s product line emphasizes durability, extended battery life and secure connectivity, tailored to industries where reliable voice and data services are essential.

At the core of Sonim’s offering are its hardened smartphones and PTT devices, engineered to meet or exceed military- and industrial-grade specifications for shock, water, dust and temperature resistance.