Sonim Technologies, Inc. (NASDAQ:SONM – Get Free Report) saw 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. Approximately 6.0% of the company’s shares are sold short. Based on an average daily trading volume, of 31,245 shares, the days-to-cover ratio is currently 2.7 days.
Institutional Trading of Sonim Technologies
A hedge fund recently bought a new stake in Sonim Technologies stock. XTX Topco Ltd bought a new stake in shares of Sonim Technologies, Inc. (NASDAQ:SONM – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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 institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Sonim Technologies in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Sonim Technologies Price Performance
Shares of SONM opened at $5.07 on Friday. The company has a market cap of $7.55 million, a PE ratio of -0.38 and a beta of 1.93. The business has a fifty day moving average of $3.99 and a 200 day moving average of $5.48. Sonim Technologies has a 52-week low of $2.52 and a 52-week high of $38.52.
Sonim Technologies (NASDAQ:SONM – Get Free Report) last issued its quarterly earnings results on Wednesday, April 15th. The company reported ($9.44) earnings per share (EPS) for the quarter.
About Sonim Technologies
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.
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