Short Interest in Sonim Technologies, Inc. (NASDAQ:SONM) Decreases By 40.0%

Sonim Technologies, Inc. (NASDAQ:SONM) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 68,800 shares, a decrease of 40.0% from the January 31st total of 114,700 shares. Currently, 4.3% of the company’s stock are short sold. Based on an average daily trading volume, of 110,800 shares, the days-to-cover ratio is currently 0.6 days.

Sonim Technologies Price Performance

NASDAQ SONM traded down $0.13 during mid-day trading on Monday, reaching $2.06. The stock had a trading volume of 7,909 shares, compared to its average volume of 161,913. The stock has a market cap of $10.04 million, a PE ratio of -0.70 and a beta of 2.41. Sonim Technologies has a 1 year low of $2.00 and a 1 year high of $10.70. The company has a fifty day moving average price of $2.96 and a 200 day moving average price of $3.04.

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.