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

Sonim Technologies, Inc. (NASDAQ:SONM) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 59,100 shares, a drop of 14.1% from the February 13th total of 68,800 shares. Approximately 4.1% of the company’s shares are short sold. Based on an average daily trading volume, of 109,300 shares, the short-interest ratio is presently 0.5 days.

Sonim Technologies Price Performance

Shares of SONM opened at $2.24 on Thursday. The firm has a market capitalization of $10.91 million, a price-to-earnings ratio of -0.76 and a beta of 2.54. Sonim Technologies has a 1-year low of $1.87 and a 1-year high of $10.70. The company has a 50-day moving average of $2.68 and a 200 day moving average of $2.99.

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.