Sonim Technologies, Inc. (NASDAQ:SONM – Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 10,815 shares, a drop of 38.5% from the September 30th total of 17,581 shares. Based on an average trading volume of 9,016 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.8% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded Sonim Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Sonim Technologies currently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on SONM
Sonim Technologies Stock Performance
SONM stock opened at $2.73 on Friday. The company has a market capitalization of $4.07 million, a P/E ratio of -0.34 and a beta of 1.70. Sonim Technologies has a 52-week low of $2.52 and a 52-week high of $11.90. The company has a fifty day moving average price of $3.43 and a 200-day moving average price of $4.17.
Sonim Technologies (NASDAQ:SONM – Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The company reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of $5.22 by ($6.27).
Sonim Technologies Company Profile
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.
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