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

Sonim Technologies, Inc. (NASDAQ:SONM) was the target of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 58,615 shares, a decline of 19.1% from the January 15th total of 72,446 shares. Approximately 6.0% of the shares of the company are sold short. Based on an average daily volume of 88,506 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 88,506 shares, the short-interest ratio is currently 0.7 days. Approximately 6.0% of the shares of the company are sold short.

Sonim Technologies Trading Down 3.9%

Shares of SONM stock traded down $0.22 on Tuesday, reaching $5.45. The company’s stock had a trading volume of 22,965 shares, compared to its average volume of 55,975. The company has a market capitalization of $5.61 million, a price-to-earnings ratio of -0.41 and a beta of 1.64. The stock’s fifty day simple moving average is $4.93 and its 200-day simple moving average is $8.56. Sonim Technologies has a 1 year low of $2.52 and a 1 year high of $61.00.

Institutional Investors Weigh In On Sonim Technologies

A hedge fund recently bought a new stake in Sonim Technologies stock. Potomac Capital Management Inc. bought a new stake in Sonim Technologies, Inc. (NASDAQ:SONM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 48,000 shares of the company’s stock, valued at approximately $151,000. Potomac Capital Management Inc. owned 4.66% of Sonim Technologies at the end of the most recent quarter. Institutional investors own 3.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Sonim Technologies in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sonim Technologies has an average rating of “Sell”.

About Sonim Technologies

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.