Short Interest in Sonder Holdings Inc. (NASDAQ:SOND) Grows By 23.3%

Sonder Holdings Inc. (NASDAQ:SOND) saw a significant growth in short interest in 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 daily volume of 66,600 shares, the days-to-cover ratio is currently 14.4 days. Approximately 10.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On Sonder

A hedge fund recently bought a new stake in Sonder stock. Certuity LLC acquired a new stake in shares of Sonder Holdings Inc. (NASDAQ:SOND) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,565 shares of the company’s stock, valued at approximately $36,000. Certuity LLC owned approximately 0.10% of Sonder as of its most recent SEC filing. 45.94% of the stock is owned by institutional investors.

Sonder Trading Up 15.4 %

SOND traded up $0.35 during trading on Friday, hitting $2.62. The company’s stock had a trading volume of 160,604 shares, compared to its average volume of 72,135. The firm has a market capitalization of $28.99 million, a price-to-earnings ratio of -0.11 and a beta of 1.34. The business’s fifty day simple moving average is $3.37 and its 200 day simple moving average is $3.69. Sonder has a twelve month low of $0.88 and a twelve month high of $10.80.

About Sonder

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.