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

Sonim Technologies, Inc. (NASDAQ:SONM) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 51,000 shares, a decline of 18.9% from the June 30th total of 62,900 shares. Approximately 2.2% of the company’s stock are sold short. Based on an average daily trading volume, of 54,300 shares, the short-interest ratio is presently 0.9 days.

Sonim Technologies Stock Performance

Shares of SONM traded up $0.20 on Tuesday, hitting $3.69. 43,518 shares of the stock traded hands, compared to its average volume of 29,919. The business has a 50 day simple moving average of $6.12 and a 200 day simple moving average of $6.16. Sonim Technologies has a one year low of $3.24 and a one year high of $10.70. The company has a market capitalization of $172.39 million, a PE ratio of -46.38 and a beta of 2.57.

Sonim Technologies (NASDAQ:SONM) last issued its earnings results on Tuesday, May 14th. The company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.40). Sonim Technologies had a negative return on equity of 14.82% and a negative net margin of 3.81%. The business had revenue of $16.78 million during the quarter, compared to analysts’ expectations of $18.00 million. On average, equities analysts expect that Sonim Technologies will post -2.13 earnings per share 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.