Sonim Technologies, Inc. (NASDAQ:SONM – Get Free Report) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 10,815 shares, a decrease of 38.5% from the September 30th total of 17,581 shares. Based on an average daily volume of 9,016 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.8% of the shares of the stock are sold short.
Sonim Technologies Trading Up 4.4%
Sonim Technologies stock traded up $0.12 during mid-day trading on Monday, hitting $2.85. The company had a trading volume of 5,525 shares, compared to its average volume of 34,136. The company’s fifty day moving average is $3.43 and its 200-day moving average is $4.17. Sonim Technologies has a 12-month low of $2.52 and a 12-month high of $11.90. The company has a market capitalization of $4.25 million, a price-to-earnings ratio of -0.36 and a beta of 1.87.
Sonim Technologies (NASDAQ:SONM – Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The company reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($6.27).
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of Sonim Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Sonim Technologies currently has an average rating of “Sell”.
View Our Latest Stock Analysis on Sonim Technologies
About Sonim Technologies
Sonim Technologies, Inc develops and supplies rugged mobile devices and accessories designed for demanding work environments. Its products are built for use in industries such as construction, manufacturing, transportation, utilities, logistics and public safety, where durability, reliable connectivity and extended battery life are important.
The company’s portfolio includes rugged smartphones, feature phones and related accessories, including cases, charging solutions, headsets and other communications equipment.
Featured Stories
- Five stocks we like better than Sonim Technologies
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for Sonim Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonim Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
