Sonim Technologies, Inc. (NASDAQ:SONM) Short Interest Down 13.0% in September

Sonim Technologies, Inc. (NASDAQ:SONM) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 71,000 shares, a drop of 13.0% from the August 31st total of 81,600 shares. Based on an average trading volume of 54,800 shares, the short-interest ratio is currently 1.3 days. Approximately 3.2% of the company’s stock are sold short.

Sonim Technologies Stock Performance

Shares of SONM opened at $2.94 on Friday. Sonim Technologies has a fifty-two week low of $2.32 and a fifty-two week high of $10.70. The firm’s 50-day simple moving average is $2.87 and its two-hundred day simple moving average is $4.96. The stock has a market cap of $137.35 million, a PE ratio of -36.75 and a beta of 2.52.

Sonim Technologies (NASDAQ:SONM) last issued its quarterly earnings results on Friday, August 9th. The company reported ($1.41) EPS for the quarter, hitting analysts’ consensus estimates of ($1.41). Sonim Technologies had a negative return on equity of 50.00% and a negative net margin of 14.94%. The firm had revenue of $11.52 million for the quarter, compared to analysts’ expectations of $10.91 million. Equities research analysts predict that Sonim Technologies will post -2.47 EPS for the current year.

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.