Sonim Technologies, Inc. (NASDAQ:SONM) Short Interest Update

Sonim Technologies, Inc. (NASDAQ:SONM) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 629,200 shares, a growth of 55.9% from the June 15th total of 403,500 shares. Currently, 2.7% of the company’s stock are sold short. Based on an average daily volume of 364,600 shares, the short-interest ratio is presently 1.7 days.

Sonim Technologies Stock Performance

Shares of SONM opened at $0.52 on Friday. Sonim Technologies has a one year low of $0.44 and a one year high of $1.19. The stock has a 50-day moving average of $0.65 and a 200-day moving average of $0.65.

Sonim Technologies (NASDAQ:SONM) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Sonim Technologies had a negative net margin of 3.81% and a negative return on equity of 14.82%. The firm had revenue of $16.78 million during the quarter, compared to analyst estimates of $18.00 million. As a group, analysts forecast that Sonim Technologies will post -0.21 EPS for the current year.

Sonim Technologies Company Profile

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.