Looking Into Sonim Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sonim Technologies (NYSE: SONM) has seen a 55.95% increase in its short percent of float, now at 12.71%. This indicates a bearish sentiment among investors. The company's short interest is significantly higher than its peers, whose average is 4.61%.
July 23, 2024 | 6:30 pm
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Sonim Technologies has experienced a significant increase in short interest, rising 55.95% to 12.71% of its float. This suggests a bearish sentiment among investors, as the company's short interest is much higher than its peers' average of 4.61%.
The significant increase in short interest suggests that investors are bearish on Sonim Technologies. This could lead to downward pressure on the stock price in the short term, especially since the short interest is much higher than its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100