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

Sonim Technologies, Inc. (NASDAQ:SONM) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 36,965 shares, a decrease of 36.9% from the January 29th total of 58,615 shares. Based on an average trading volume of 26,451 shares, the short-interest ratio is presently 1.4 days. Currently, 3.8% of the company’s stock are sold short. Currently, 3.8% of the company’s stock are sold short. Based on an average trading volume of 26,451 shares, the short-interest ratio is presently 1.4 days.

Institutional Investors Weigh In On Sonim Technologies

A hedge fund recently bought a new stake in Sonim Technologies stock. XTX Topco Ltd purchased a new stake in Sonim Technologies, Inc. (NASDAQ:SONM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 24,614 shares of the company’s stock, valued at approximately $30,000. XTX Topco Ltd owned 0.14% of Sonim Technologies at the end of the most recent quarter. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Sonim Technologies Stock Up 2.4%

Shares of SONM traded up $0.13 during midday trading on Monday, reaching $5.57. 17,220 shares of the stock were exchanged, compared to its average volume of 59,416. The stock’s 50 day simple moving average is $4.88 and its 200 day simple moving average is $8.26. The company has a market cap of $5.74 million, a P/E ratio of -0.42 and a beta of 1.60. Sonim Technologies has a twelve month low of $2.52 and a twelve month high of $61.00.

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.