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

Sonim Technologies, Inc. (NASDAQ:SONM) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 85,395 shares, an increase of 168.1% from the April 15th total of 31,848 shares. Currently, 6.0% of the shares of the stock are short sold. Based on an average daily volume of 31,245 shares, the days-to-cover ratio is currently 2.7 days.

Sonim Technologies Price Performance

SONM stock traded down $0.30 on Friday, hitting $4.77. 26,345 shares of the company were exchanged, compared to its average volume of 22,791. The stock has a market capitalization of $7.11 million, a price-to-earnings ratio of -0.36 and a beta of 1.93. The business’s fifty day moving average is $3.98 and its two-hundred day moving average is $5.47. Sonim Technologies has a twelve month low of $2.52 and a twelve month high of $38.52.

Sonim Technologies (NASDAQ:SONM) last released its quarterly earnings data on Wednesday, April 15th. The company reported ($9.44) earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Sonim Technologies in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Sonim Technologies

An institutional investor recently bought a new position in Sonim Technologies stock. XTX Topco Ltd bought a new stake in Sonim Technologies, Inc. (NASDAQ:SONM) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 24,614 shares of the company’s stock, valued at approximately $30,000. XTX Topco Ltd owned approximately 0.14% of Sonim Technologies as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 3.26% of the company’s stock.

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.