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

Sonim Technologies, Inc. (NASDAQ:SONM) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 50,557 shares, an increase of 36.8% from the February 12th total of 36,965 shares. Based on an average daily volume of 58,898 shares, the days-to-cover ratio is currently 0.9 days. Approximately 5.1% of the shares of the company are short sold. Approximately 5.1% of the shares of the company are short sold. Based on an average daily volume of 58,898 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Sonim Technologies in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of Sonim Technologies

An institutional investor recently bought a new position in Sonim Technologies stock. Potomac Capital Management Inc. bought a new stake in shares of Sonim Technologies, Inc. (NASDAQ:SONM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 48,000 shares of the company’s stock, valued at approximately $151,000. Potomac Capital Management Inc. owned approximately 4.66% of Sonim Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 3.26% of the company’s stock.

Sonim Technologies Trading Up 8.3%

NASDAQ:SONM traded up $0.34 during midday trading on Friday, hitting $4.43. 15,008 shares of the stock were exchanged, compared to its average volume of 41,446. The company has a market capitalization of $4.56 million, a price-to-earnings ratio of -0.33 and a beta of 1.60. Sonim Technologies has a one year low of $2.52 and a one year high of $61.00. The business has a 50-day moving average price of $5.07 and a two-hundred day moving average price of $7.92.

Sonim Technologies Company Profile

Sonim Technologies, Inc (NASDAQ: SONM) is a specialty device manufacturer focused on mission-critical communications. The company designs, develops and markets ultra-rugged mobile handsets, push-to-talk (PTT) devices, accessories and supporting software platforms for customers operating in the most demanding environments. Sonim’s product line emphasizes durability, extended battery life and secure connectivity, tailored to industries where reliable voice and data services are essential.

At the core of Sonim’s offering are its hardened smartphones and PTT devices, engineered to meet or exceed military- and industrial-grade specifications for shock, water, dust and temperature resistance.