Sono Group N.V. (NASDAQ:SSM) Short Interest Down 59.3% in August

Posted by Francis Steltz on Sep 14th, 2026

Sono Group N.V. (NASDAQ:SSM – Get Free Report) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 27,729 shares, a decrease of 59.3% from the August 15th total of 68,106 shares. Based on an average daily trading volume, of 709,421 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.4% of the company’s stock are sold short.

Insider Buying and Selling

In other Sono Group news, major shareholder 255 V. V Ug Haftungsbes Bambino sold 20,091 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $3.24, for a total transaction of $65,094.84. Following the transaction, the insider owned 157,326 shares of the company’s stock, valued at $509,736.24. This trade represents a 11.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 35,501 shares of company stock worth $118,426. Company insiders own 19.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Sono Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Get Our Latest Stock Analysis on SSM

Sono Group Price Performance

Shares of NASDAQ SSM traded down $0.10 during mid-day trading on Monday, reaching $2.01. 49,464 shares of the company traded hands, compared to its average volume of 309,413. Sono Group has a fifty-two week low of $1.83 and a fifty-two week high of $10.54. The firm has a market capitalization of $2.85 million, a PE ratio of -0.38 and a beta of 9.46.

Sono Group (NASDAQ:SSM – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($1.59) earnings per share for the quarter. Sono Group had a net margin of 2,204.17% and a negative return on equity of 50.42%.

Sono Group Company Profile

(Get Free Report)

Sono Group N.V. was a German mobility technology company focused on developing solar-powered transportation solutions. Through its Sono Motors business, the company worked on integrating solar technology into electric vehicles to supplement battery power and help reduce energy consumption and emissions.

Its principal project was the Sion, a planned battery-electric passenger vehicle equipped with solar panels integrated into its body. Sono also developed solar integration systems for commercial vehicles, including buses, trucks, trailers and other fleet applications, allowing existing or newly manufactured vehicles to generate supplementary electricity from sunlight.

The company was founded by Jona Christians and Laurin Hahn and was headquartered in Munich, Germany.