Sonim Technologies, Inc. (NASDAQ:SONM) Short Interest Down 36.9% in February

Sonim Technologies, Inc. (NASDAQ:SONM) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 36,965 shares, a drop of 36.9% from the January 29th total of 58,615 shares. Approximately 3.8% of the company’s stock are short sold. Based on an average trading volume of 26,451 shares, the days-to-cover ratio is currently 1.4 days. Based on an average trading volume of 26,451 shares, the days-to-cover ratio is currently 1.4 days. Approximately 3.8% of the company’s stock are short sold.

Sonim Technologies Stock Up 0.9%

Shares of SONM stock traded up $0.05 during mid-day trading on Friday, reaching $5.44. 20,285 shares of the stock traded hands, compared to its average volume of 42,429. Sonim Technologies has a 1-year low of $2.52 and a 1-year high of $61.00. The company has a market cap of $5.60 million, a price-to-earnings ratio of -0.41 and a beta of 1.64. The stock’s fifty day simple moving average is $4.88 and its two-hundred day simple moving average is $8.27.

Institutional Investors Weigh In On Sonim Technologies

An institutional investor recently bought a new position in Sonim Technologies stock. Potomac Capital Management Inc. acquired a new stake in shares of Sonim Technologies, Inc. (NASDAQ:SONM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 48,000 shares of the company’s stock, valued at approximately $151,000. Potomac Capital Management Inc. owned approximately 4.66% of Sonim Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Sonim Technologies in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Sonim Technologies Company Profile

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.