Sonim Technologies, Inc. (NASDAQ:SONM) Short Interest Up 77.6% in January

Sonim Technologies, Inc. (NASDAQ:SONM) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 114,700 shares, a growth of 77.6% from the January 15th total of 64,600 shares. Approximately 6.5% of the shares of the stock are sold short. Based on an average daily volume of 102,100 shares, the short-interest ratio is presently 1.1 days.

Sonim Technologies Trading Up 1.4 %

Shares of SONM stock traded up $0.04 during trading hours on Thursday, hitting $2.54. The company’s stock had a trading volume of 8,576 shares, compared to its average volume of 200,038. The business has a fifty day moving average of $3.21 and a 200-day moving average of $3.11. Sonim Technologies has a twelve month low of $2.32 and a twelve month high of $10.70. The stock has a market cap of $12.35 million, a price-to-earnings ratio of -0.87 and a beta of 2.41.

Sonim Technologies Company Profile

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.