Short Interest in Sonim Technologies, Inc. (NASDAQ:SONM) Rises By 53.1%

Sonim Technologies, Inc. (NASDAQ:SONM) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 82,334 shares, an increase of 53.1% from the December 15th total of 53,767 shares. Based on an average daily trading volume, of 79,958 shares, the days-to-cover ratio is currently 1.0 days. Currently, 8.4% of the company’s shares are short sold. Currently, 8.4% of the company’s shares are short sold. Based on an average daily trading volume, of 79,958 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sonim Technologies stock. XTX Topco Ltd acquired a new position in Sonim Technologies, Inc. (NASDAQ:SONM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 24,614 shares of the company’s stock, valued at approximately $30,000. XTX Topco Ltd owned about 0.14% of Sonim Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 3.26% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sonim Technologies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sonim Technologies currently has an average rating of “Sell”.

Sonim Technologies Price Performance

Shares of NASDAQ:SONM opened at $4.70 on Friday. Sonim Technologies has a 1 year low of $2.52 and a 1 year high of $64.80. The company has a market cap of $4.84 million, a P/E ratio of -0.35 and a beta of 1.57. The stock’s fifty day moving average price is $5.65 and its 200-day moving average price is $9.65.

Sonim Technologies (NASDAQ:SONM) last posted its quarterly earnings data on Friday, October 31st. The company reported ($3.86) EPS for the quarter, missing analysts’ consensus estimates of $5.40 by ($9.26). Sonim Technologies had a negative net margin of 56.48% and a negative return on equity of 1,627.75%. The firm had revenue of $16.21 million for the quarter, compared to analysts’ expectations of $34.34 million. On average, sell-side analysts anticipate that Sonim Technologies will post -2.34 earnings per share for the current year.

Sonim Technologies Company Profile

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.