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

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

Sonim Technologies Stock Performance

Shares of NASDAQ SONM remained flat at $3.26 during trading on Friday. The company’s stock had a trading volume of 103,087 shares, compared to its average volume of 30,381. Sonim Technologies has a 52 week low of $2.32 and a 52 week high of $10.70. The company has a market cap of $15.88 million, a P/E ratio of -1.11 and a beta of 2.43. The firm has a 50 day moving average of $3.34 and a 200-day moving average of $3.36.

Sonim Technologies Company Profile

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.