Sonim Technologies, Inc. (NASDAQ:SONM) Short Interest Up 32.2% in March

Sonim Technologies, Inc. (NASDAQ:SONM) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 82,100 shares, a growth of 32.2% from the March 15th total of 62,100 shares. Based on an average daily volume of 220,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately 5.2% of the company’s stock are short sold.

Sonim Technologies Trading Up 13.9 %

Shares of Sonim Technologies stock opened at $1.64 on Friday. The company has a market capitalization of $10.37 million, a P/E ratio of -0.56 and a beta of 2.07. The stock has a fifty day simple moving average of $2.12 and a 200 day simple moving average of $2.87. Sonim Technologies has a 12-month low of $1.03 and a 12-month high of $10.70.

About Sonim Technologies

Sonim Technologies, Inc provides ruggedized mobile phones and accessories for task workers. The company offers ruggedized mobile phones, such as Sonim XP10, Sonim XP5plus, Sonim XP3plus, and Sonim XP Pro; Sonim mobile hotspot; industrial-grade accessories. It sells its mobile phones and accessories primarily to wireless carriers in the United States and Canada; and sells wireless carrier channels through distribution channels in North America and Europe.