Sonder Holdings Inc. (NASDAQ:SOND) Short Interest Down 20.7% in August

Sonder Holdings Inc. (NASDAQ:SOND) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 1,110,000 shares, a decrease of 20.7% from the August 15th total of 1,400,000 shares. Based on an average daily volume of 851,600 shares, the days-to-cover ratio is presently 1.3 days. Currently, 12.3% of the shares of the stock are sold short.

Sonder Trading Up 1.6 %

Shares of Sonder stock opened at $5.63 on Tuesday. The firm has a market capitalization of $62.30 million, a PE ratio of -0.25 and a beta of 1.54. Sonder has a 12 month low of $0.88 and a 12 month high of $10.50. The business’s 50-day moving average price is $4.41 and its 200-day moving average price is $4.14.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sonder stock. Freestone Capital Holdings LLC acquired a new stake in Sonder Holdings Inc. (NASDAQ:SOND) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 15,000 shares of the company’s stock, valued at approximately $44,000. Freestone Capital Holdings LLC owned approximately 0.14% of Sonder as of its most recent filing with the SEC. 45.94% of the stock is owned by hedge funds and other institutional investors.

Sonder Company Profile

Sonder Holdings Inc engages in the hospitality business. It operates and manages properties comprising 1-, 2-, and 3+ bedroom; and studio apartments, as well as 1-bedroom hotel rooms for leisure travelers and families, digital nomads, and business travelers in North America, Europe, and the Middle East.