Sonim Technologies, Inc. (NASDAQ:SONM) Short Interest Up 27.6% in December

Sonim Technologies, Inc. (NASDAQ:SONM) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 48,600 shares, an increase of 27.6% from the December 15th total of 38,100 shares. Based on an average daily volume of 22,400 shares, the days-to-cover ratio is currently 2.2 days. Currently, 2.2% of the shares of the stock are short sold.

Sonim Technologies Price Performance

SONM remained flat at $3.26 during midday trading on Friday. 103,087 shares of the company’s stock were exchanged, compared to its average volume of 30,381. The company’s fifty day moving average price is $3.34 and its 200-day moving average price is $3.36. Sonim Technologies has a one year low of $2.32 and a one year high of $10.70. The firm has a market cap of $15.88 million, a PE ratio of -1.11 and a beta of 2.43.

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.