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

Sonim Technologies, Inc. (NASDAQ:SONM) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 41,700 shares, a decrease of 38.7% from the October 15th total of 68,000 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average trading volume of 21,700 shares, the short-interest ratio is currently 1.9 days.

Sonim Technologies Stock Performance

Shares of NASDAQ SONM traded up $0.01 during trading on Friday, reaching $3.24. The stock had a trading volume of 2,920 shares, compared to its average volume of 26,846. The business’s 50-day moving average price is $3.11 and its 200-day moving average price is $4.34. Sonim Technologies has a fifty-two week low of $2.32 and a fifty-two week high of $10.70. The company has a market cap of $15.67 million, a P/E ratio of -1.11 and a beta of 2.52.

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.